Satellogic Inc. (NASDAQ:SATLW) Stock Short Interest Falls 74.4%

Satellogic Inc. (NASDAQ:SATLW) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,185 shares, a drop of 74.4% from the September 15th total of 4,627 shares. Based on an average trading volume of 28,830 shares, the short-interest ratio is currently 0.0 days.

Satellogic Stock Down 35.0%

SATLW traded down $0.10 during trading on Tuesday, hitting $0.18. 64,833 shares of the stock traded hands, compared to its average volume of 62,368. Satellogic has a twelve month low of $0.08 and a twelve month high of $5.00. The business has a 50 day moving average price of $0.58 and a 200 day moving average price of $1.27.

Satellogic Company Profile

Satellogic Inc is an Earth-observation company that operates a constellation of small satellites designed to collect high-resolution, multispectral imagery of the planet. The company’s data is intended to support monitoring and analysis of land, infrastructure, natural resources, agriculture, energy, and other activities that change over time.

Satellogic provides satellite imagery, satellite tasking, and geospatial data products through its platform. Its services are aimed at government and commercial customers seeking frequent, data-driven views of locations around the world for applications such as environmental monitoring, supply-chain analysis, urban planning, and national security.

Founded in 2010 by Argentine entrepreneur Emiliano Kargieman, Satellogic has developed an international operating presence and serves customers across multiple geographic markets.