Palladyne AI Corp. (NASDAQ:PDYN – Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 3,670,000 shares, an increase of 39.5% from the February 13th total of 2,630,000 shares. Currently, 16.3% of the company’s stock are sold short. Based on an average daily trading volume, of 7,760,000 shares, the short-interest ratio is currently 0.5 days.
Palladyne AI Trading Up 4.3 %
PDYN opened at $7.70 on Tuesday. The stock has a market capitalization of $271.19 million, a P/E ratio of -3.56 and a beta of 3.88. Palladyne AI has a 12-month low of $1.26 and a 12-month high of $14.95. The stock has a 50-day moving average price of $8.20 and a 200-day moving average price of $5.11.
Insider Activity at Palladyne AI
In other Palladyne AI news, CRO Matthew Vogt sold 14,938 shares of Palladyne AI stock in a transaction on Monday, February 24th. The shares were sold at an average price of $7.03, for a total transaction of $105,014.14. Following the transaction, the executive now directly owns 96,923 shares of the company’s stock, valued at $681,368.69. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Denis Garagic sold 55,827 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $7.03, for a total transaction of $392,463.81. Following the completion of the sale, the chief technology officer now owns 495,978 shares of the company’s stock, valued at approximately $3,486,725.34. This represents a 10.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,294 shares of company stock valued at $571,497 over the last 90 days. Insiders own 12.00% of the company’s stock.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Separately, Alliance Global Partners initiated coverage on Palladyne AI in a report on Monday, January 27th. They set a “buy” rating and a $15.00 price objective for the company.
Check Out Our Latest Research Report on PDYN
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.
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