Short Interest in Satellogic Inc. (NASDAQ:SATL) Rises By 249.1%

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

Satellogic Stock Down 6.3 %

Shares of SATL opened at $2.84 on Friday. The stock has a 50 day moving average price of $3.29 and a 200 day moving average price of $2.06. Satellogic has a 52-week low of $0.72 and a 52-week high of $5.49.

Hedge Funds Weigh In On Satellogic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SATL. Virtu Financial LLC acquired a new stake in shares of Satellogic in the fourth quarter valued at approximately $68,000. Jane Street Group LLC purchased a new position in shares of Satellogic in the fourth quarter valued at $96,000. Insigneo Advisory Services LLC purchased a new position in shares of Satellogic in the fourth quarter valued at $197,000. Finally, Liberty 77 Capital L.P. purchased a new position in shares of Satellogic in the fourth quarter valued at $57,000,000. 17.58% of the stock is owned by institutional investors and hedge funds.

About Satellogic

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.