Satellogic Inc. (NASDAQ:SATL - Get Free Report) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 178,000 shares, a decline of 58.9% from the January 15th total of 432,700 shares. Approximately 0.3% of the company's stock are short sold. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Satellogic
Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Satellogic during the 4th quarter worth approximately $96,000. Insigneo Advisory Services LLC purchased a new stake in Satellogic during the 4th quarter worth approximately $197,000. Liberty 77 Capital L.P. purchased a new stake in Satellogic during the 4th quarter worth approximately $57,000,000. Virtu Financial LLC purchased a new stake in Satellogic during the 4th quarter worth approximately $68,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in Satellogic during the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 17.58% of the company's stock.
Satellogic Trading Down 4.2 %
Shares of NASDAQ SATL traded down $0.20 during trading hours on Monday, hitting $4.54. 1,276,351 shares of the stock were exchanged, compared to its average volume of 505,277. The firm has a fifty day moving average price of $3.32 and a 200-day moving average price of $1.93. Satellogic has a 12 month low of $0.72 and a 12 month high of $5.49.
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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