Satellogic Inc. (NASDAQ:SATLW) Shares Shorted: Short Interest Up 120.4% in September

Satellogic Inc. (NASDAQ:SATLW) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 4,627 shares, a growth of 120.4% from the August 31st total of 2,099 shares. Based on an average daily volume of 17,570 shares, the short-interest ratio is presently 0.3 days.

Satellogic Trading Down 10.6%

NASDAQ SATLW traded down $0.07 during mid-day trading on Monday, hitting $0.58. The company’s stock had a trading volume of 7,810 shares, compared to its average volume of 64,841. Satellogic has a 52-week low of $0.08 and a 52-week high of $5.00. The stock’s fifty day simple moving average is $0.57 and its two-hundred day simple moving average is $1.29.

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.