Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 3,376 shares, a decrease of 37.3% from the April 30th total of 5,384 shares. Based on an average trading volume of 82,891 shares, the days-to-cover ratio is presently 0.0 days.
Satellogic Stock Performance
Shares of NASDAQ:SATLW opened at $2.62 on Thursday. The company’s fifty day moving average is $2.17 and its 200-day moving average is $1.12. Satellogic has a 52 week low of $0.08 and a 52 week high of $5.00.
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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