Satellogic Inc. (NASDAQ:SATL) Short Interest Up 408.6% in December

Satellogic Inc. (NASDAQ:SATL) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 1,620,000 shares, a growth of 408.6% from the November 30th total of 318,500 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average trading volume of 622,600 shares, the days-to-cover ratio is presently 2.6 days.

Satellogic Trading Down 5.4 %

SATL traded down $0.21 during trading on Friday, hitting $3.68. The company’s stock had a trading volume of 1,364,185 shares, compared to its average volume of 212,960. The firm’s 50 day moving average price is $2.03 and its two-hundred day moving average price is $1.39. Satellogic has a 12 month low of $0.72 and a 12 month high of $5.49.

Institutional Trading of Satellogic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Joel Isaacson & Co. LLC acquired a new position in Satellogic during the 3rd quarter valued at about $27,000. MSA Advisors LLC bought a new stake in shares of Satellogic during the second quarter worth approximately $27,000. Finally, Ground Swell Capital LLC bought a new position in Satellogic in the second quarter valued at approximately $26,000. 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.