Exyn Technologies, Inc. (NASDAQ:EXYN – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 147,552 shares, a decline of 49.5% from the August 31st total of 291,919 shares. Based on an average trading volume of 107,617 shares, the short-interest ratio is presently 1.4 days.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on EXYN shares. Wall Street Zen cut Exyn Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings started coverage on Exyn Technologies in a research report on Monday, August 24th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
Read Our Latest Analysis on EXYN
Exyn Technologies Stock Performance
Exyn Technologies (NASDAQ:EXYN – Get Free Report) last posted its earnings results on Thursday, August 20th. The company reported ($1.55) earnings per share (EPS) for the quarter. The business had revenue of $0.95 million for the quarter.
Hedge Funds Weigh In On Exyn Technologies
An institutional investor recently bought a new position in Exyn Technologies stock. Alyeska Investment Group L.P. acquired a new position in Exyn Technologies, Inc. (NASDAQ:EXYN – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 387,000 shares of the company’s stock, valued at approximately $2,012,000.
About Exyn Technologies
Exyn Technologies develops autonomous robotic systems designed to operate in complex, GPS-denied environments. Its technology combines aerial robots, onboard autonomy and three-dimensional mapping to help organizations collect site data without requiring continuous remote piloting or external positioning infrastructure.
The company’s products and software are intended for applications including mining, construction, industrial inspection and infrastructure management. Exyn’s autonomous drones can navigate underground and indoor spaces, generate detailed maps and collect visual or other sensor data in areas that may be hazardous or difficult for people to access.
Exyn Technologies was founded in 2014 and grew from robotics research associated with the University of Pennsylvania.
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