Satellogic Inc. (NASDAQ:SATLW – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 11,759 shares, an increase of 81.4% from the July 15th total of 6,483 shares. Based on an average daily volume of 12,443 shares, the short-interest ratio is presently 0.9 days.
Satellogic Price Performance
Shares of Satellogic stock traded down $0.16 on Friday, reaching $0.77. The stock had a trading volume of 74,002 shares, compared to its average volume of 73,768. The business’s 50-day moving average price is $0.93 and its two-hundred day moving average price is $1.36. Satellogic has a fifty-two week low of $0.08 and a fifty-two week high of $5.00.
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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