Satellogic Inc. (NASDAQ:SATLW) Short Interest Down 40.2% in December

Satellogic Inc. (NASDAQ:SATLW) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 14,864 shares, a drop of 40.2% from the December 15th total of 24,840 shares. Based on an average daily trading volume, of 19,837 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 19,837 shares, the days-to-cover ratio is presently 0.7 days.

Satellogic Stock Performance

Shares of Satellogic stock traded up $0.06 on Friday, reaching $0.60. 34,608 shares of the stock were exchanged, compared to its average volume of 94,419. The firm’s 50 day moving average is $0.26 and its 200-day moving average is $0.33. Satellogic has a one year low of $0.08 and a one year high of $0.92.

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.