Satellogic Inc. (NASDAQ:SATL) Short Interest Up 192.8% in March

Satellogic Inc. (NASDAQ:SATL) saw 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 daily volume of 857,500 shares, the short-interest ratio is currently 1.0 days. Approximately 2.3% of the company’s stock are short sold.

Satellogic Price Performance

Shares of NASDAQ SATL opened at $3.75 on Friday. The business has a 50 day simple moving average of $3.44 and a 200 day simple moving average of $2.42. Satellogic has a 52 week low of $0.72 and a 52 week high of $5.49.

Institutional Inflows and Outflows

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

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.