Satellogic Inc. (NASDAQ:SATL) Short Interest Down 58.9% in January

Satellogic Inc. (NASDAQ:SATL) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 178,000 shares, a drop of 58.9% from the January 15th total of 432,700 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Satellogic Stock Up 17.0 %

Shares of NASDAQ SATL traded up $0.69 during trading hours on Thursday, reaching $4.74. The stock had a trading volume of 1,304,891 shares, compared to its average volume of 868,965. Satellogic has a 52-week low of $0.72 and a 52-week high of $5.49. The business’s fifty day moving average price is $3.28 and its two-hundred day moving average price is $1.85.

Institutional Investors Weigh In On Satellogic

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Satellogic during the fourth quarter valued at $68,000. Joel Isaacson & Co. LLC purchased a new stake in Satellogic in the third quarter worth about $27,000. Finally, Liberty 77 Capital L.P. bought a new position in Satellogic during the 4th quarter worth about $57,000,000. 17.58% of the stock is owned by institutional investors.

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.