Palladyne AI Corp. (NASDAQ:PDYNW) Sees Large Increase in Short Interest

Palladyne AI Corp. (NASDAQ:PDYNW) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 34,400 shares, an increase of 54.3% from the February 13th total of 22,300 shares. Based on an average daily trading volume, of 272,900 shares, the days-to-cover ratio is currently 0.1 days.

Palladyne AI Stock Performance

Shares of NASDAQ:PDYNW traded up $0.07 on Friday, hitting $0.32. The stock had a trading volume of 45,301 shares, compared to its average volume of 172,055. The company has a 50 day moving average of $0.49. Palladyne AI has a twelve month low of $0.02 and a twelve month high of $1.69.

Palladyne AI Company Profile

Palladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) software platform enables robots to observe, learn, reason, and act in structured and unstructured environments.