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

Palladyne AI Corp. (NASDAQ:PDYNW) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 24,400 shares, a growth of 351.9% from the November 15th total of 5,400 shares. Based on an average trading volume of 146,900 shares, the days-to-cover ratio is currently 0.2 days.

Palladyne AI Stock Performance

Shares of NASDAQ:PDYNW traded up $0.02 during midday trading on Wednesday, reaching $0.18. 38,415 shares of the company’s stock were exchanged, compared to its average volume of 67,774. The business has a 50 day moving average price of $0.08. Palladyne AI has a 12 month low of $0.00 and a 12 month high of $0.44.

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.