Satellogic Inc. (NASDAQ:SATLW) Short Interest Up 26.5% in April
March 30th total of 8,200 shares. Based on an average daily volume of 11,900 shares, the short-interest ratio is currently 0.9 days. The number of shares shorted increased by 26.5% in the month of April.
() experienced a significant increase in short interest during the month of March. On April 30, there were 10,500 short shares. This is a 26.5% increase from the 8,300 shares on April 15. The short-interest rate is currently 2.6 days based on an average daily share volume of 4,100.
Satellogic Price Performance
The price remained unchanged at $0.17 in mid-day trading Friday. The trading volume was 3,645 shares versus its average of 5,787. The stock's 50-day moving price is $0.21, and its 200-day moving price is $0.27. Recently, several large investors increased or decreased their stakes in Satellogic. Spring Creek Capital LLC bought a new Satellogic position during the first quarter worth about $25,000 Arena Capital Advisors LLC CA bought a new position of shares in Satellogic worth approximately $50,000 during the first three months. Jane Street Group LLC acquired a new Satellogic position during the first quarter, valued at approximately $79,000. Aristeia Capital LLC bought a new Satellogic position in the first quarter, worth about $104,000. Polar Asset Management Partners Inc. also purchased a position in Satellogic during the first quarter, valued at approximately $157,000.
Satellogic
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Satellogic Inc. builds and operates real-time nano satellites to provide commercial-grade earth observation. It provides data streams for decision-making by various branches of government and organizations. Satellites from this company are used in applications such as agriculture, monitoring of pipelines, monitoring critical infrastructure, disaster response and illegal logging.
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