Satellogic Inc. (NASDAQ:SATLW) Short Interest Up 135.2% in February

Satellogic Inc. (NASDAQ:SATLW) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 6,226 shares, a growth of 135.2% from the February 12th total of 2,647 shares. Based on an average daily volume of 22,376 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 22,376 shares, the short-interest ratio is presently 0.3 days.

Satellogic Price Performance

Shares of SATLW opened at $0.55 on Friday. Satellogic has a fifty-two week low of $0.08 and a fifty-two week high of $1.96. The firm’s 50 day moving average price is $0.78 and its 200 day moving average price is $0.45.

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.