Satellogic Inc. (NASDAQ:SATL - Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 853,100 shares, a decline of 47.3% from the December 15th total of 1,620,000 shares. Based on an average daily volume of 747,800 shares, the short-interest ratio is currently 1.1 days. Approximately 1.5% of the shares of the company are sold short.
Satellogic Trading Up 5.5 %
SATL stock traded up $0.15 during midday trading on Tuesday, reaching $2.89. 175,240 shares of the company's stock traded hands, compared to its average volume of 622,521. The company has a 50-day moving average price of $2.49 and a two-hundred day moving average price of $1.55. Satellogic has a 52 week low of $0.72 and a 52 week high of $5.49.
Hedge Funds Weigh In On Satellogic
An institutional investor recently bought a new position in Satellogic stock. MSA Advisors LLC bought a new position in Satellogic Inc. (NASDAQ:SATL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 26,261 shares of the company's stock, valued at approximately $27,000. Satellogic makes up 0.0% of MSA Advisors LLC's portfolio, making the stock its 27th largest holding. 17.58% of the stock is owned by institutional investors.
About Satellogic
(
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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.
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