Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 4,281 shares, a decrease of 48.7% from the June 15th total of 8,344 shares. Based on an average daily volume of 26,770 shares, the short-interest ratio is currently 0.2 days.
Satellogic Stock Performance
Shares of SATLW traded down $0.13 on Wednesday, reaching $0.50. The company’s stock had a trading volume of 12,093 shares, compared to its average volume of 82,385. The stock’s 50 day simple moving average is $2.02 and its two-hundred day simple moving average is $1.35. Satellogic has a 12-month low of $0.08 and a 12-month 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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