Satellogic Inc. (NASDAQ:SATL) Short Interest Update

Satellogic Inc. (NASDAQ:SATL) was the target of a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 1,140,000 shares, the short-interest ratio is presently 0.5 days. Approximately 1.6% of the company’s stock are short sold.

Satellogic Stock Up 7.7 %

Satellogic stock opened at $3.06 on Friday. Satellogic has a fifty-two week low of $0.72 and a fifty-two week high of $5.49. The stock’s 50 day simple moving average is $3.29 and its two-hundred day simple moving average is $2.08.

Institutional Investors Weigh In On Satellogic

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

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.