Palladyne AI Corp. (NASDAQ:PDYNW) Short Interest Up 39.3% in February

Palladyne AI Corp. (NASDAQ:PDYNW) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 48,678 shares, an increase of 39.3% from the February 12th total of 34,940 shares. Based on an average daily volume of 29,152 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 29,152 shares, the days-to-cover ratio is presently 1.7 days.

Palladyne AI Price Performance

Shares of PDYNW stock traded up $0.00 during trading hours on Friday, hitting $0.09. 7,859 shares of the company’s stock were exchanged, compared to its average volume of 115,524. Palladyne AI has a 52 week low of $0.05 and a 52 week high of $0.60. The stock’s 50-day moving average is $0.09 and its 200-day moving average is $0.14.

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.