Satellogic Inc. (NASDAQ:SATL) Short Interest Update

Satellogic Inc. (NASDAQ:SATL) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 894,400 shares, a growth of 192.8% from the February 28th total of 305,500 shares. Based on an average trading volume of 857,500 shares, the short-interest ratio is presently 1.0 days. Currently, 2.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Satellogic in the 4th quarter valued at $68,000. Jane Street Group LLC acquired a new stake in Satellogic during the 4th quarter worth approximately $96,000. Insigneo Advisory Services LLC bought a new stake in Satellogic during the 4th quarter worth approximately $197,000. Finally, Liberty 77 Capital L.P. acquired a new position in Satellogic in the 4th quarter valued at approximately $57,000,000. Institutional investors own 17.58% of the company’s stock.

Satellogic Stock Performance

Shares of Satellogic stock traded down $0.37 on Friday, reaching $3.83. 118,038 shares of the stock were exchanged, compared to its average volume of 401,819. Satellogic has a one year low of $0.72 and a one year high of $5.49. The firm’s 50 day moving average is $3.43 and its 200-day moving average is $2.40.

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.