Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,099 shares, a decrease of 53.5% from the August 15th total of 4,510 shares. Based on an average trading volume of 4,340 shares, the short-interest ratio is presently 0.5 days.
Satellogic Stock Performance
Satellogic stock opened at $0.44 on Monday. The stock has a fifty day moving average price of $0.62 and a two-hundred day moving average price of $1.30. 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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