Satellogic Inc. (NASDAQ:SATL) Short Interest Update

Satellogic Inc. (NASDAQ:SATL - Get Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 894,400 shares, an increase of 192.8% from the February 28th total of 305,500 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average daily volume of 857,500 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Satellogic

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Liberty 77 Capital L.P. acquired a new stake in shares of Satellogic in the 4th quarter valued at $57,000,000. Jane Street Group LLC acquired a new position in shares of Satellogic in the fourth quarter valued at approximately $96,000. Insigneo Advisory Services LLC acquired a new stake in shares of Satellogic during the fourth quarter worth $197,000. Finally, Virtu Financial LLC bought a new stake in shares of Satellogic in the fourth quarter valued at about $68,000. Institutional investors own 17.58% of the company's stock.

Satellogic Stock Down 4.8 %

Shares of NASDAQ SATL opened at $3.57 on Tuesday. Satellogic has a 12 month low of $0.72 and a 12 month high of $5.49. The business's 50 day moving average is $3.46 and its two-hundred day moving average is $2.46.

About Satellogic

Satellogic Inc operates as an integrated geospatial company in the Asia Pacific, North America, and internationally. It engages in tasking satellites with monitoring assets and keeping up with their changing reality for government and commercial customers; control satellites on top of specific areas of interest for governments; and sale and support satellites.