Satellogic Inc. (NASDAQ:SATLW) Stock Short Interest Rises 120.4%

Satellogic Inc. (NASDAQ:SATLW) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 4,627 shares, a growth 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 currently 0.3 days.

Satellogic Stock Up 2.8%

Shares of NASDAQ:SATLW traded up $0.01 during midday trading on Friday, hitting $0.56. The stock had a trading volume of 148,596 shares, compared to its average volume of 65,160. 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 $0.57 and a two-hundred day moving average price of $1.28.

Satellogic Company Profile

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.