Satellogic Inc. (NASDAQ:SATL) Short Interest Down 24.0% in August

Satellogic Inc. (NASDAQ:SATL) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 135,400 shares, a decrease of 24.0% from the August 15th total of 178,100 shares. Based on an average daily trading volume, of 58,500 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.4% of the shares of the company are short sold.

Satellogic Price Performance

SATL opened at $1.05 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.24 and a current ratio of 1.72. Satellogic has a 12 month low of $0.69 and a 12 month high of $2.52. The stock’s 50 day moving average price is $1.06 and its 200 day moving average price is $1.27.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SATL. MSA Advisors LLC acquired a new stake in Satellogic in the second quarter worth about $27,000. Ground Swell Capital LLC bought a new stake in shares of Satellogic during the 2nd quarter worth about $26,000. Finally, Cantor Fitzgerald L. P. lifted its stake in shares of Satellogic by 15.5% in the 4th quarter. Cantor Fitzgerald L. P. now owns 15,458,937 shares of the company’s stock worth $27,053,000 after acquiring an additional 2,078,064 shares during the period. 17.58% of the stock is owned by institutional investors and hedge funds.

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.