Satellogic Inc. (NASDAQ:SATL) Short Interest Up 48.9% in May

Satellogic Inc. (NASDAQ:SATL - Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,040,000 shares, a growth of 48.9% from the May 15th total of 1,370,000 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is currently 1.7 days.

Insider Buying and Selling at Satellogic

In related news, President Matthew Tirman sold 22,860 shares of Satellogic stock in a transaction on Friday, May 16th. The shares were sold at an average price of $4.16, for a total value of $95,097.60. Following the sale, the president now owns 101,241 shares of the company's stock, valued at approximately $421,162.56. This trade represents a 18.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rick Dunn sold 72,712 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $4.63, for a total transaction of $336,656.56. Following the sale, the chief financial officer now directly owns 193,849 shares of the company's stock, valued at $897,520.87. This represents a 27.28% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,883 shares of company stock valued at $672,579. 63.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Satellogic

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in Satellogic in the 4th quarter worth approximately $68,000. Jane Street Group LLC acquired a new stake in shares of Satellogic in the fourth quarter valued at approximately $96,000. Insigneo Advisory Services LLC purchased a new position in Satellogic during the fourth quarter worth approximately $197,000. Finally, Liberty 77 Capital L.P. purchased a new position in Satellogic during the fourth quarter worth approximately $57,000,000. 17.58% of the stock is currently owned by institutional investors and hedge funds.

Satellogic Trading Up 6.3%

Satellogic stock traded up $0.21 during midday trading on Thursday, reaching $3.52. The company had a trading volume of 1,212,948 shares, compared to its average volume of 685,072. Satellogic has a 12-month low of $0.72 and a 12-month high of $5.49. The firm's fifty day simple moving average is $3.84 and its 200-day simple moving average is $3.54.

Satellogic (NASDAQ:SATL - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.16) EPS for the quarter. The business had revenue of $3.39 million during the quarter.

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.