Palladyne AI Corp. (NASDAQ:PDYNW) Short Interest Up 57.2% in February

Palladyne AI Corp. (NASDAQ:PDYNW) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 34,940 shares, a growth of 57.2% from the January 29th total of 22,223 shares. Based on an average daily trading volume, of 110,955 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 110,955 shares, the short-interest ratio is presently 0.3 days.

Palladyne AI Price Performance

Shares of PDYNW traded up $0.01 during mid-day trading on Monday, hitting $0.08. 45,203 shares of the company’s stock were exchanged, compared to its average volume of 94,350. Palladyne AI has a fifty-two week low of $0.05 and a fifty-two week high of $0.60. The business’s 50 day moving average is $0.09 and its two-hundred day moving average is $0.15.

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.