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

Satellogic Inc. (NASDAQ:SATL) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 135,400 shares, a decline of 24.0% from the August 15th total of 178,100 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 58,500 shares, the short-interest ratio is currently 2.3 days.

Satellogic Stock Up 1.9 %

SATL stock opened at $1.05 on Monday. Satellogic has a 52-week low of $0.69 and a 52-week high of $2.52. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.72 and a quick ratio of 1.24. The company’s 50-day simple moving average is $1.06 and its 200-day simple moving average is $1.27.

Hedge Funds Weigh In On Satellogic

A number of hedge funds have recently bought and sold shares of SATL. Ground Swell Capital LLC acquired a new position in shares of Satellogic during the 2nd quarter worth approximately $26,000. MSA Advisors LLC acquired a new stake in Satellogic in the 2nd quarter valued at $27,000. Finally, Cantor Fitzgerald L. P. raised its position in Satellogic by 15.5% during the fourth quarter. Cantor Fitzgerald L. P. now owns 15,458,937 shares of the company’s stock worth $27,053,000 after acquiring an additional 2,078,064 shares during the period. Hedge funds and other institutional investors own 17.58% of the company’s stock.

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.