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

Palladyne AI Corp. (NASDAQ:PDYNW) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 28,300 shares, a drop of 22.0% from the December 31st total of 36,300 shares. Based on an average daily trading volume, of 330,500 shares, the days-to-cover ratio is presently 0.1 days.

Palladyne AI Price Performance

PDYNW stock traded up $0.01 during midday trading on Friday, reaching $0.57. 67,150 shares of the company traded hands, compared to its average volume of 266,427. The stock’s 50 day simple moving average is $0.43. Palladyne AI has a 52-week low of $0.01 and a 52-week 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.