Satellogic Inc. (NASDAQ:SATLW) Shares Shorted: Short Interest Up 120.4% in September

Satellogic Inc. (NASDAQ:SATLW) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,627 shares, an increase of 120.4% from the August 31st total of 2,099 shares. Based on an average trading volume of 17,570 shares, the short-interest ratio is presently 0.3 days.

Satellogic Trading Up 2.8%

Satellogic stock traded up $0.01 during midday trading on Friday, reaching $0.56. 148,596 shares of the company were exchanged, compared to its average volume of 65,160. The firm’s 50-day simple moving average is $0.57 and its 200-day simple moving average is $1.28. Satellogic has a 1 year low of $0.08 and a 1 year high of $5.00.

About Satellogic

Satellogic Inc is an Earth-observation company that operates a constellation of small satellites designed to collect high-resolution, multispectral imagery of the planet. The company’s data is intended to support monitoring and analysis of land, infrastructure, natural resources, agriculture, energy, and other activities that change over time.

Satellogic provides satellite imagery, satellite tasking, and geospatial data products through its platform. Its services are aimed at government and commercial customers seeking frequent, data-driven views of locations around the world for applications such as environmental monitoring, supply-chain analysis, urban planning, and national security.

Founded in 2010 by Argentine entrepreneur Emiliano Kargieman, Satellogic has developed an international operating presence and serves customers across multiple geographic markets.