Satellogic Inc. (NASDAQ:SATL) Sees Large Increase in Short Interest

Satellogic Inc. (NASDAQ:SATL - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,219,040 shares, an increase of 51.4% from the December 15th total of 5,428,345 shares. Currently, 12.5% of the company's shares are short sold. Based on an average daily trading volume, of 3,677,418 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 3,677,418 shares, the short-interest ratio is currently 2.2 days. Currently, 12.5% of the company's shares are short sold.Analyst Upgrades and DowngradesSeparately, Weiss Ratings reissued a "sell (d-)" rating on shares of Satellogic in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Satellogic presently has a consensus rating of "Sell".Read Our Latest Stock Analysis on SATLSatellogic Price PerformanceShares of NASDAQ:SATL traded up $0.07 during mid-day trading on Friday, hitting $3.56. The company had a trading volume of 10,261,838 shares, compared to its average volume of 6,723,899. Satellogic has a one year low of $1.25 and a one year high of $5.12. The firm has a fifty day moving average price of $2.02 and a 200 day moving average price of $2.84. The company has a market capitalization of $482.27 million, a PE ratio of -14.83 and a beta of 1.36. Satellogic (NASDAQ:SATL - Get Free Report) last issued its earnings results on Monday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $3.63 million for the quarter. Institutional Trading of SatellogicA number of hedge funds and other institutional investors have recently added to or reduced their stakes in SATL. Ameritas Investment Partners Inc. bought a new position in Satellogic in the second quarter worth approximately $25,000. BNP Paribas Financial Markets raised its position in shares of Satellogic by 107.5% during the third quarter. BNP Paribas Financial Markets now owns 13,613 shares of the company's stock worth $45,000 after purchasing an additional 7,052 shares during the period. Legal & General Group Plc acquired a new position in shares of Satellogic during the second quarter worth approximately $27,000. Farther Finance Advisors LLC bought a new position in shares of Satellogic in the 3rd quarter worth $26,000. Finally, LMR Partners LLP acquired a new stake in Satellogic in the 2nd quarter valued at $30,000. 17.58% of the stock is owned by institutional investors. Satellogic Company Profile (Get Free Report)Satellogic Inc is a NewSpace company specializing in the design, manufacture and operation of a low‐Earth‐orbit (LEO) microsatellite constellation. The company's satellites capture high‐resolution multispectral imagery, enabling detailed monitoring of agricultural, forestry, maritime, energy and infrastructure assets. Satellogic's vertically integrated model covers end‐to‐end capabilities, from satellite development and deployment to data processing and analytics, allowing clients to access imagery and insights on demand. Key offerings include geospatial data products, analytics services and software tools that leverage machine learning algorithms to interpret changes on Earth's surface.Recommended StoriesFive stocks we like better than SatellogicNEW LAW: Congress Approves Setup For Digital Dollar?A month before the crashDo not delete, read immediatelyHow a Family Trust May Be Able To Help Preserve Your WealthIs a 93% win rate actually possible?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Satellogic Right Now?Before you consider Satellogic, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Satellogic wasn't on the list.While Satellogic currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here