Satellogic Inc. (NASDAQ:SATL) Short Interest Update

Satellogic Inc. (NASDAQ:SATL) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 12,231,080 shares, an increase of 33.3% from the January 15th total of 9,172,164 shares. Approximately 18.7% of the shares of the company are sold short. Based on an average daily volume of 18,331,384 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 18,331,384 shares, the short-interest ratio is presently 0.7 days. Approximately 18.7% of the shares of the company are sold short.

Satellogic Stock Performance

NASDAQ:SATL traded up $0.29 during trading hours on Monday, reaching $3.14. The stock had a trading volume of 5,905,674 shares, compared to its average volume of 13,391,086. The stock has a market capitalization of $425.38 million, a PE ratio of -13.08 and a beta of 1.38. Satellogic has a 52 week low of $1.25 and a 52 week high of $5.93. The company has a 50 day moving average price of $3.01 and a two-hundred day moving average price of $2.91.

Insider Transactions at Satellogic

In other Satellogic news, major shareholder Fitzgerald L. P. Cantor sold 5,575 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $5.55, for a total value of $30,941.25. Following the transaction, the insider directly owned 12,856,500 shares in the company, valued at approximately $71,353,575. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 524,373 shares of company stock valued at $2,942,676 in the last 90 days. Company insiders own 51.62% of the company’s stock.

Institutional Trading of Satellogic

Several hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new position in Satellogic in the second quarter worth $380,000. Halter Ferguson Financial Inc. acquired a new stake in shares of Satellogic in the 3rd quarter worth $1,276,000. Squarepoint Ops LLC acquired a new stake in shares of Satellogic in the 3rd quarter worth $33,000. GSA Capital Partners LLP purchased a new position in Satellogic during the 3rd quarter worth $59,000. Finally, LMR Partners LLP acquired a new position in Satellogic during the 2nd quarter valued at about $30,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SATL shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Satellogic in a research note on Thursday, January 22nd. Craig Hallum initiated coverage on Satellogic in a research note on Wednesday, January 21st. They issued a “buy” rating and a $5.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.00.

About Satellogic

Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company’s satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic’s vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand.

Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth’s surface.