Satellogic Inc. (NASDAQ:SATLW – Get Rating) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 15,800 shares, a growth of 31.7% from the January 31st total of 12,000 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is currently 3.4 days.
Institutional Investors Weigh In On Satellogic
Large investors have recently modified their holdings of the business. Spring Creek Capital LLC purchased a new position in shares of Satellogic during the 1st quarter worth $25,000. Arena Capital Advisors LLC CA purchased a new position in shares of Satellogic during the 1st quarter worth $50,000. Aristeia Capital LLC purchased a new position in shares of Satellogic during the 1st quarter worth $104,000. Radcliffe Capital Management L.P. purchased a new position in shares of Satellogic during the 1st quarter worth $1,239,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Satellogic during the 1st quarter worth $157,000.
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Satellogic Price Performance
Shares of SATLW stock traded up $0.02 during trading hours on Thursday, reaching $0.26. 2,538 shares of the company's stock were exchanged, compared to its average volume of 3,676. Satellogic has a 1 year low of $0.18 and a 1 year high of $2.14. The stock's fifty day moving average price is $0.28 and its two-hundred day moving average price is $0.34.
Satellogic Company Profile
(Get Rating)
Satellogic Inc builds and operates nano satellites for commercial-grade Earth observation in real-time. It offers data streams that are used in decision-making processes for various branches of government, organizations, businesses, and individuals. Its satellites are used for applications in agriculture, pipeline monitoring, critical infrastructure monitoring, disaster response, illegal logging, border patrol, port security, and other applications.
Further Reading
- Get a free copy of the StockNews.com research report on Satellogic (SATLW)
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