Palladyne AI Corp. (NASDAQ:PDYNW) Sees Significant Growth in Short Interest

Palladyne AI Corp. (NASDAQ:PDYNW) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 34,400 shares, an increase of 54.3% from the February 13th total of 22,300 shares. Based on an average daily volume of 272,900 shares, the short-interest ratio is presently 0.1 days.

Palladyne AI Price Performance

NASDAQ PDYNW traded up $0.07 on Friday, reaching $0.32. The stock had a trading volume of 45,301 shares, compared to its average volume of 172,055. Palladyne AI has a 1-year low of $0.02 and a 1-year high of $1.69. The stock’s fifty day moving average is $0.49.

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.