Satellogic Inc. (NASDAQ:SATLW – Get Free Report) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 24,840 shares, a decrease of 46.7% from the November 30th total of 46,617 shares. Based on an average daily volume of 58,406 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 58,406 shares, the short-interest ratio is presently 0.4 days.
Satellogic Stock Down 11.2%
NASDAQ:SATLW opened at $0.34 on Friday. Satellogic has a 52-week low of $0.08 and a 52-week high of $0.92. The stock has a fifty day simple moving average of $0.19 and a 200-day simple moving average of $0.33.
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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