Palladyne AI Corp. (NASDAQ:PDYN) Short Interest Down 40.3% in October

Palladyne AI Corp. (NASDAQ:PDYN) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 529,100 shares, a decrease of 40.3% from the October 15th total of 886,000 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average trading volume of 663,700 shares, the short-interest ratio is currently 0.8 days.

Insider Activity at Palladyne AI

In other news, Director Dennis M. Weibling purchased 215,053 shares of the stock in a transaction on Thursday, October 31st. The stock was bought at an average price of $2.20 per share, with a total value of $473,116.60. Following the transaction, the director now owns 389,884 shares in the company, valued at $857,744.80. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Palladyne AI

An institutional investor recently bought a new position in Palladyne AI stock. Pursue Wealth Partners LLC bought a new position in shares of Palladyne AI Corp. (NASDAQ:PDYN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 93,768 shares of the company’s stock, valued at approximately $168,000. Pursue Wealth Partners LLC owned 0.35% of Palladyne AI as of its most recent SEC filing. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Palladyne AI Stock Down 8.1 %

PDYN stock opened at $2.17 on Wednesday. The firm’s fifty day simple moving average is $1.98 and its 200-day simple moving average is $1.82. Palladyne AI has a 12 month low of $0.45 and a 12 month high of $3.50.

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.