Palladyne AI Corp. (NASDAQ:PDYNW) Short Interest Down 70.8% in August

Palladyne AI Corp. (NASDAQ:PDYNW) saw a significant 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 presently 0.1 days.

Palladyne AI Trading Down 3.3%

PDYNW traded down $0.00 during midday trading on Friday, hitting $0.01. The company had a trading volume of 37,571 shares, compared to its average volume of 101,345. Palladyne AI has a twelve month low of $0.00 and a twelve month high of $0.29. The firm’s 50-day simple moving average is $0.02 and its 200-day simple moving average is $0.05.

About Palladyne AI

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.