Palladyne AI Corp. (NASDAQ:PDYNW) Short Interest Down 70.8% in August

Palladyne AI Corp. (NASDAQ:PDYNW) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 9,370 shares, a decline of 70.8% from the July 30th total of 32,112 shares. Based on an average daily volume of 79,906 shares, the short-interest ratio is currently 0.1 days.

Palladyne AI Stock Performance

Shares of NASDAQ:PDYNW remained flat at $0.01 during trading on Thursday. The stock had a trading volume of 48,345 shares, compared to its average volume of 101,680. Palladyne AI has a 52-week low of $0.00 and a 52-week high of $0.29. The firm’s 50-day simple moving average is $0.02 and its two-hundred day simple moving average is $0.05.

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. The company’s software platform enables robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming and with minimal robot training.