Short Interest in Palladyne AI Corp. (NASDAQ:PDYNW) Grows By 830.8%

Palladyne AI Corp. (NASDAQ:PDYNW) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 36,300 shares, an increase of 830.8% from the December 15th total of 3,900 shares. Based on an average daily trading volume, of 311,300 shares, the days-to-cover ratio is presently 0.1 days.

Palladyne AI Price Performance

Shares of PDYNW traded down $0.11 during trading hours on Monday, reaching $0.49. 215,469 shares of the company traded hands, compared to its average volume of 338,167. Palladyne AI has a 12-month low of $0.01 and a 12-month high of $1.69. The stock has a fifty day simple moving average of $0.28.

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.