Short Interest in Satellogic Inc. (NASDAQ:SATL) Increases By 249.1%

Satellogic Inc. (NASDAQ:SATL) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 621,400 shares, an increase of 249.1% from the January 31st total of 178,000 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,140,000 shares, the short-interest ratio is currently 0.5 days.

Satellogic Trading Up 7.7 %

NASDAQ:SATL opened at $3.06 on Friday. The company’s 50 day moving average price is $3.29 and its 200-day moving average price is $2.08. Satellogic has a 52 week low of $0.72 and a 52 week high of $5.49.

Institutional Trading of Satellogic

Several institutional investors have recently added to or reduced their stakes in SATL. Virtu Financial LLC purchased a new position in shares of Satellogic in the fourth quarter worth $68,000. Jane Street Group LLC bought a new stake in Satellogic in the 4th quarter worth about $96,000. Insigneo Advisory Services LLC purchased a new position in Satellogic in the 4th quarter worth about $197,000. Finally, Liberty 77 Capital L.P. purchased a new position in Satellogic in the 4th quarter worth about $57,000,000. 17.58% of the stock is currently owned by hedge funds and other 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.