Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,384 shares, an increase of 595.6% from the April 15th total of 774 shares. Based on an average daily volume of 58,742 shares, the short-interest ratio is presently 0.1 days.
Satellogic Stock Up 5.3%
SATLW traded up $0.12 during midday trading on Thursday, hitting $2.38. The stock had a trading volume of 88,617 shares, compared to its average volume of 98,080. Satellogic has a 1 year low of $0.08 and a 1 year high of $2.69. The business has a fifty day moving average of $1.35 and a 200 day moving average of $0.78.
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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