Satellogic Inc. (NASDAQ:SATLW) Short Interest Update

Satellogic Inc. (NASDAQ:SATLW) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 4,802 shares, a drop of 14.0% from the March 15th total of 5,584 shares. Based on an average daily trading volume, of 106,052 shares, the short-interest ratio is presently 0.0 days.

Satellogic Stock Performance

NASDAQ:SATLW opened at $1.65 on Friday. The company’s 50-day simple moving average is $1.06 and its 200-day simple moving average is $0.62. Satellogic has a fifty-two week low of $0.08 and a fifty-two week high of $2.33.

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.