Short Interest in Palladyne AI Corp. (NASDAQ:PDYNW) Declines By 32.0%

Palladyne AI Corp. (NASDAQ:PDYNW) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 20,600 shares, a decline of 32.0% from the May 15th total of 30,300 shares. Based on an average daily trading volume, of 47,000 shares, the days-to-cover ratio is currently 0.4 days.

Palladyne AI Stock Up 8.5%

PDYNW opened at $0.49 on Tuesday. Palladyne AI has a 12 month low of $0.02 and a 12 month high of $1.69. The firm’s fifty day simple moving average is $0.28 and its 200 day simple moving average is $0.37.

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.