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

Satellogic Inc. (NASDAQ:SATL) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 305,500 shares, a decline of 50.8% from the February 13th total of 621,400 shares. Based on an average daily volume of 1,170,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Satellogic

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Satellogic in the fourth quarter valued at about $68,000. Jane Street Group LLC bought a new stake in shares of Satellogic in the fourth quarter valued at about $96,000. Insigneo Advisory Services LLC bought a new stake in shares of Satellogic in the fourth quarter valued at about $197,000. Finally, Liberty 77 Capital L.P. bought a new stake in shares of Satellogic in the fourth quarter valued at about $57,000,000. Institutional investors own 17.58% of the company’s stock.

Satellogic Trading Up 6.2 %

SATL stock traded up $0.21 during midday trading on Friday, reaching $3.58. 499,522 shares of the company were exchanged, compared to its average volume of 376,660. The business has a 50-day moving average price of $3.25 and a two-hundred day moving average price of $2.20. Satellogic has a one year low of $0.72 and a one year 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.