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

Palladyne AI Corp. (NASDAQ:PDYNW) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 3,900 shares, a drop of 84.0% from the November 30th total of 24,400 shares. Based on an average daily trading volume, of 179,600 shares, the short-interest ratio is presently 0.0 days.

Palladyne AI Stock Performance

Shares of NASDAQ:PDYNW traded up $0.50 during mid-day trading on Thursday, hitting $0.74. The stock had a trading volume of 1,624,811 shares, compared to its average volume of 81,486. The firm’s 50 day simple moving average is $0.11. Palladyne AI has a 12-month low of $0.00 and a 12-month high of $0.99.

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.