Short Interest in Palladyne AI Corp. (NASDAQ:PDYN) Increases By 250.0%

Palladyne AI Corp. (NASDAQ:PDYN - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 4,130,000 shares, a growth of 250.0% from the December 31st total of 1,180,000 shares. Approximately 21.7% of the shares of the company are sold short. Based on an average daily volume of 7,570,000 shares, the days-to-cover ratio is currently 0.5 days.Analysts Set New Price TargetsMilitary Contract Fuels Growth in These 2 Autonomous Drone StocksSeparately, Alliance Global Partners assumed coverage on shares of Palladyne AI in a research report on Monday. They set a "buy" rating and a $15.00 price target on the stock.Read Our Latest Analysis on PDYNPalladyne AI Stock PerformanceShares of NASDAQ PDYN traded up $0.06 during trading hours on Friday, hitting $8.51. 4,087,832 shares of the stock were exchanged, compared to its average volume of 7,473,655. Palladyne AI has a 1-year low of $0.45 and a 1-year high of $14.95. The company has a market cap of $256.24 million, a PE ratio of -3.94 and a beta of 3.90. The company's fifty day simple moving average is $7.03 and its two-hundred day simple moving average is $3.68. Institutional Inflows and OutflowsSeveral institutional investors have recently bought and sold shares of PDYN. State Street Corp acquired a new position in Palladyne AI in the 3rd quarter worth about $91,000. Delta Air Lines Inc. bought a new stake in shares of Palladyne AI in the third quarter worth $676,000. Geode Capital Management LLC acquired a new stake in Palladyne AI in the third quarter valued at $316,000. XTX Topco Ltd acquired a new position in shares of Palladyne AI in the third quarter worth approximately $55,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Palladyne AI in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 26.02% of the company's stock. Palladyne AI Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Palladyne AIGrowth Stocks: What They Are, Examples and How to Invest Nebius Group: Market Overreaction or Real AI Disruption?What is the MACD Indicator and How to Use it in Your TradingThe Best Way to Invest in Gold Is...ETF Screener: Uses and Step-by-Step Guide Why Nike Stock Could Be 2025’s Top Comeback PlayThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Palladyne AI Right Now?Before you consider Palladyne AI, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palladyne AI wasn't on the list.While Palladyne AI currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here