Exyn Technologies, Inc. (NASDAQ:EXYN) Sees Large Decrease in Short Interest

Exyn Technologies, Inc. (NASDAQ:EXYN) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 147,552 shares, a drop of 49.5% from the August 31st total of 291,919 shares. Based on an average trading volume of 107,617 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On Exyn Technologies

A hedge fund recently bought a new stake in Exyn Technologies stock. Alyeska Investment Group L.P. bought a new stake in Exyn Technologies, Inc. (NASDAQ:EXYN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 387,000 shares of the company’s stock, valued at approximately $2,012,000.

Exyn Technologies Trading Up 6.9%

Shares of NASDAQ:EXYN traded up $0.16 during trading hours on Thursday, hitting $2.49. The stock had a trading volume of 17,776 shares, compared to its average volume of 488,466. The firm has a fifty day moving average price of $2.55. Exyn Technologies has a 1-year low of $1.50 and a 1-year high of $7.20.

Exyn Technologies (NASDAQ:EXYN) last issued its quarterly earnings data on Thursday, August 20th. The company reported ($1.55) earnings per share (EPS) for the quarter. The company had revenue of $0.95 million during the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Exyn Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings initiated coverage on Exyn Technologies in a report on Monday, August 24th. They issued a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About Exyn Technologies

Exyn Technologies develops autonomous robotic systems designed to operate in complex, GPS-denied environments. Its technology combines aerial robots, onboard autonomy and three-dimensional mapping to help organizations collect site data without requiring continuous remote piloting or external positioning infrastructure.

The company’s products and software are intended for applications including mining, construction, industrial inspection and infrastructure management. Exyn’s autonomous drones can navigate underground and indoor spaces, generate detailed maps and collect visual or other sensor data in areas that may be hazardous or difficult for people to access.

Exyn Technologies was founded in 2014 and grew from robotics research associated with the University of Pennsylvania.