Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,893 shares, a decline of 43.9% from the May 14th total of 3,376 shares. Based on an average daily volume of 40,699 shares, the short-interest ratio is currently 0.0 days.
Satellogic Stock Down 8.6%
Shares of SATLW traded down $0.15 during mid-day trading on Monday, hitting $1.64. 29,672 shares of the company traded hands, compared to its average volume of 90,166. Satellogic has a 1 year low of $0.08 and a 1 year high of $5.00. The stock has a 50-day moving average price of $2.25 and a two-hundred day moving average price of $1.22.
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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