Palladyne AI Corp. (NASDAQ:PDYNW) Short Interest Down 31.7% in March

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

Palladyne AI Stock Performance

Shares of NASDAQ:PDYNW traded up $0.01 during trading on Friday, reaching $0.32. 41,024 shares of the company traded hands, compared to its average volume of 147,543. Palladyne AI has a 52 week low of $0.02 and a 52 week high of $1.69. The business’s 50 day moving average price is $0.43.

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.