Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 11,759 shares, an increase of 81.4% from the July 15th total of 6,483 shares. Based on an average daily trading volume, of 12,443 shares, the days-to-cover ratio is currently 0.9 days.
Satellogic Price Performance
Shares of SATLW stock traded up $0.01 on Tuesday, reaching $0.80. 11,300 shares of the company’s stock were exchanged, compared to its average volume of 73,357. Satellogic has a 52 week low of $0.08 and a 52 week high of $5.00. The company’s fifty day simple moving average is $0.91 and its 200 day simple moving average is $1.35.
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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