Satellogic Inc. (NASDAQ:SATL) Short Interest Down 50.8% in February

Satellogic Inc. (NASDAQ:SATL - Get Free Report) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 305,500 shares, a decrease of 50.8% from the February 13th total of 621,400 shares. Based on an average trading volume of 1,170,000 shares, the short-interest ratio is currently 0.3 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Satellogic

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

Satellogic Stock Performance

SATL traded down $0.21 during midday trading on Tuesday, hitting $3.86. 625,734 shares of the company traded hands, compared to its average volume of 864,941. The business has a 50 day simple moving average of $3.27 and a two-hundred day simple moving average of $2.26. Satellogic has a 52-week low of $0.72 and a 52-week high of $5.49.

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.