Satellogic Inc. (NASDAQ:SATLW) Short Interest Up 95.3% in January

Satellogic Inc. (NASDAQ:SATLW) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 2,541 shares, an increase of 95.3% from the January 15th total of 1,301 shares. Based on an average trading volume of 156,768 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 156,768 shares, the days-to-cover ratio is currently 0.0 days.

Satellogic Stock Performance

NASDAQ SATLW opened at $0.79 on Friday. Satellogic has a 12-month low of $0.08 and a 12-month high of $1.96. The company has a 50-day simple moving average of $0.61 and a two-hundred day simple moving average of $0.41.

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.