Exyn Technologies, Inc. (NASDAQ:EXYN) Stock Short Interest Drops 49.5%

Exyn Technologies, Inc. (NASDAQ:EXYN) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 147,552 shares, a drop of 49.5% from the August 31st total of 291,919 shares. Based on an average daily trading volume, of 107,617 shares, the days-to-cover ratio is presently 1.4 days.

Exyn Technologies Stock Down 1.7%

Shares of EXYN opened at $2.27 on Tuesday. Exyn Technologies has a 52 week low of $1.50 and a 52 week high of $7.20. The business has a 50 day moving average price of $2.59.

Exyn Technologies (NASDAQ:EXYN) last announced its quarterly earnings data on Thursday, August 20th. The company reported ($1.55) earnings per share (EPS) for the quarter. The company had revenue of $0.95 million during the quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXYN. Wall Street Zen downgraded shares of Exyn Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings assumed coverage on shares of Exyn Technologies in a research note on Monday, August 24th. They issued a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Exyn Technologies stock. Alyeska Investment Group L.P. purchased a new stake in Exyn Technologies, Inc. (NASDAQ:EXYN) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 387,000 shares of the company’s stock, valued at approximately $2,012,000.

Exyn Technologies Company Profile

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.