Satellogic Inc. (NASDAQ:SATL) Sees Significant Increase in Short Interest

Satellogic Inc. (NASDAQ:SATL) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 894,400 shares, an increase of 192.8% from the February 28th total of 305,500 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average trading volume of 857,500 shares, the days-to-cover ratio is currently 1.0 days.

Satellogic Stock Down 4.1 %

SATL stock opened at $3.75 on Thursday. Satellogic has a 52-week low of $0.72 and a 52-week high of $5.49. The company has a fifty day moving average price of $3.40 and a 200-day moving average price of $2.39.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Liberty 77 Capital L.P. acquired a new stake in shares of Satellogic in the fourth quarter valued at about $57,000,000. Insigneo Advisory Services LLC acquired a new stake in Satellogic during the 4th quarter valued at approximately $197,000. Jane Street Group LLC bought a new position in Satellogic during the 4th quarter worth approximately $96,000. Finally, Virtu Financial LLC acquired a new position in shares of Satellogic in the 4th quarter worth approximately $68,000. 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.