Satellogic Inc. (NASDAQ:SATL) Short Interest Update

Satellogic Inc. (NASDAQ:SATL - Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 621,400 shares, a growth of 249.1% from the January 31st total of 178,000 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Satellogic

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

Satellogic Trading Down 6.9 %

Shares of SATL traded down $0.21 during mid-day trading on Monday, reaching $2.85. 418,168 shares of the company's stock were exchanged, compared to its average volume of 344,490. Satellogic has a 52-week low of $0.72 and a 52-week high of $5.49. The company has a 50-day simple moving average of $3.29 and a two-hundred day simple moving average of $2.09.

Satellogic Company Profile

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.