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

Palladyne AI Corp. (NASDAQ:PDYNW) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 23,500 shares, a decline of 31.7% from the February 28th total of 34,400 shares. Based on an average daily trading volume, of 251,900 shares, the days-to-cover ratio is presently 0.1 days.

Palladyne AI Stock Performance

Shares of PDYNW traded up $0.03 during mid-day trading on Tuesday, reaching $0.31. 2,762 shares of the company’s stock traded hands, compared to its average volume of 143,029. Palladyne AI has a 12 month low of $0.02 and a 12 month high of $1.69. The firm’s 50-day moving average is $0.42.

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.