Palladyne AI Corp. (NASDAQ:PDYN) Short Interest Update

Palladyne AI Corp. (NASDAQ:PDYN) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 886,000 shares, an increase of 324.9% from the September 30th total of 208,500 shares. Based on an average daily volume of 620,800 shares, the days-to-cover ratio is presently 1.4 days. Currently, 6.2% of the company’s shares are sold short.

Palladyne AI Stock Performance

Palladyne AI stock traded up $0.25 during trading on Friday, reaching $2.24. The company had a trading volume of 410,776 shares, compared to its average volume of 556,798. Palladyne AI has a 12-month low of $0.40 and a 12-month high of $3.50. The stock’s 50 day moving average price is $1.88 and its two-hundred day moving average price is $1.78. The firm has a market capitalization of $60.03 million, a price-to-earnings ratio of -0.74 and a beta of 3.35.

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

About Palladyne AI

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.