Satellogic Inc. (NASDAQ:SATLW) Short Interest Down 83.9% in April

Satellogic Inc. (NASDAQ:SATLW) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 774 shares, a decrease of 83.9% from the March 31st total of 4,802 shares. Based on an average daily volume of 203,189 shares, the short-interest ratio is presently 0.0 days.

Satellogic Stock Performance

Shares of NASDAQ:SATLW traded down $0.35 on Friday, reaching $1.25. 40,673 shares of the company’s stock were exchanged, compared to its average volume of 105,679. The company has a fifty day moving average of $1.13 and a 200-day moving average of $0.67. Satellogic has a twelve month low of $0.08 and a twelve month high of $2.40.

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.