Palladyne AI Corp. (NASDAQ:PDYN) Sees Significant Increase in Short Interest

Palladyne AI Corp. (NASDAQ:PDYN) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 886,000 shares, a growth of 324.9% from the September 30th total of 208,500 shares. Based on an average daily trading volume, of 620,800 shares, the short-interest ratio is currently 1.4 days. Currently, 6.2% of the shares of the stock are short sold.

Palladyne AI Trading Up 12.6 %

Shares of NASDAQ:PDYN traded up $0.25 during mid-day trading on Friday, reaching $2.24. The stock had a trading volume of 403,557 shares, compared to its average volume of 556,798. The company has a market cap of $60.03 million, a P/E ratio of -0.71 and a beta of 3.35. Palladyne AI has a 1 year low of $0.40 and a 1 year high of $3.50. The business’s 50 day moving average price is $1.87 and its 200 day moving average price is $1.78.

Palladyne AI (NASDAQ:PDYN) last posted its earnings results on Wednesday, August 7th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $2.71 million during the quarter. Palladyne AI had a negative return on equity of 62.26% and a negative net margin of 893.88%.

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.