Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,893 shares, a decline of 43.9% from the May 14th total of 3,376 shares. Based on an average trading volume of 40,699 shares, the days-to-cover ratio is presently 0.0 days.
Satellogic Trading Down 22.0%
Shares of Satellogic stock traded down $0.52 during trading on Friday, hitting $1.83. The stock had a trading volume of 68,937 shares, compared to its average volume of 90,721. Satellogic has a 12 month low of $0.08 and a 12 month high of $5.00. The business’s 50-day moving average is $2.25 and its 200 day moving average is $1.21.
Satellogic Company Profile
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.
Recommended Stories
- Five stocks we like better than Satellogic
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Receive News & Ratings for Satellogic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Satellogic and related companies with MarketBeat.com's FREE daily email newsletter.
