Satellogic Inc. (NASDAQ:SATLW – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,893 shares, a decrease of 43.9% from the May 14th total of 3,376 shares. Based on an average trading volume of 40,699 shares, the days-to-cover ratio is currently 0.0 days.
Satellogic Stock Down 22.0%
SATLW traded down $0.52 during trading on Friday, reaching $1.83. The stock had a trading volume of 68,937 shares, compared to its average volume of 90,721. Satellogic has a one year low of $0.08 and a one year high of $5.00. The business has a 50-day moving average of $2.25 and a 200-day moving average of $1.21.
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.
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