Satellogic Inc. (SATL) shares are experiencing an uptick today, likely influenced by a notable increase in its borrow rate. Recent data indicates that Satellogic's borrow rate surged by 9.12 percentage points to 453.13%, marking one of the largest increases among liquid option names. This significant rise in borrow rate can often signal heightened short-selling activity, which may prompt a short squeeze as traders rush to cover their positions, thereby driving the stock price higher.
The current price of Satellogic Inc. (SATL) is $3.14, reflecting a 2.28% increase from its previous close of $3.07.