Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 4,510 shares, a decline of 61.6% from the July 30th total of 11,759 shares. Based on an average daily trading volume, of 28,006 shares, the short-interest ratio is currently 0.2 days.
Satellogic Stock Down 16.7%
Satellogic stock traded down $0.12 during mid-day trading on Friday, hitting $0.60. 967 shares of the company’s stock traded hands, compared to its average volume of 69,873. The firm has a 50 day moving average price of $0.75 and a 200 day moving average price of $1.33. Satellogic has a one year low of $0.08 and a one year high of $5.00.
About Satellogic
Satellogic is a New York–listed geospatial analytics company specializing in the design, manufacture and operation of Earth observation satellites. Leveraging a proprietary high-resolution imaging platform, the company provides frequent revisit imagery and analytics to support applications in agriculture, forestry, infrastructure monitoring, and defense. Satellogic’s vertically integrated approach encompasses satellite development, ground station operations and data processing to deliver actionable insights to commercial and government clients.
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic has pursued an ambitious plan to build a large constellation of small, cost-effective satellites.
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