Short Interest in Palladyne AI Corp. (NASDAQ:PDYNW) Declines By 70.8%

Palladyne AI Corp. (NASDAQ:PDYNW) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 9,370 shares, a drop of 70.8% from the July 30th total of 32,112 shares. Based on an average daily trading volume, of 79,906 shares, the days-to-cover ratio is currently 0.1 days.

Palladyne AI Price Performance

NASDAQ PDYNW remained flat at $0.01 during trading hours on Thursday. The company’s stock had a trading volume of 48,345 shares, compared to its average volume of 101,680. The firm has a 50-day moving average price of $0.02 and a 200 day moving average price of $0.05. Palladyne AI has a twelve month low of $0.00 and a twelve month high of $0.29.

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. The company’s software platform enables robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming and with minimal robot training.