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

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

Satellogic Stock Performance

NASDAQ:SATL traded up $0.22 during mid-day trading on Friday, hitting $3.06. 536,376 shares of the stock traded hands, compared to its average volume of 344,516. Satellogic has a 52 week low of $0.72 and a 52 week high of $5.49. The firm’s 50 day moving average is $3.29 and its two-hundred day moving average is $2.07.

Hedge Funds Weigh In On Satellogic

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

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.