Short Interest in Satellogic Inc. (NASDAQ:SATL) Decreases By 50.8%

Satellogic Inc. (NASDAQ:SATL) was the target of a large decline in short interest during 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 trading volume, of 1,170,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the company’s stock are sold short.

Satellogic Trading Up 5.2 %

Shares of NASDAQ SATL traded up $0.18 during trading hours on Friday, hitting $3.55. The stock had a trading volume of 444,322 shares, compared to its average volume of 375,073. The firm’s 50-day moving average price is $3.25 and its two-hundred day moving average price is $2.20. Satellogic has a 52 week low of $0.72 and a 52 week high of $5.49.

Institutional Trading of Satellogic

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in shares of Satellogic during the 4th quarter valued at $68,000. Jane Street Group LLC bought a new position in Satellogic during the fourth quarter valued at about $96,000. Insigneo Advisory Services LLC bought a new position in Satellogic during the fourth quarter valued at about $197,000. Finally, Liberty 77 Capital L.P. acquired a new stake in shares of Satellogic in the fourth quarter worth about $57,000,000. 17.58% of the stock is 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.