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

Exyn Technologies, Inc. (NASDAQ:EXYN) 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 currently 1.4 days.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXYN. Weiss Ratings started coverage on Exyn Technologies in a research note on Monday, August 24th. They set a “sell (e-)” rating on the stock. Wall Street Zen downgraded Exyn Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Exyn Technologies stock. Alyeska Investment Group L.P. acquired a new position in Exyn Technologies, Inc. (NASDAQ:EXYN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 387,000 shares of the company’s stock, valued at approximately $2,012,000.

Exyn Technologies Trading Up 2.6%

Shares of EXYN traded up $0.06 during mid-day trading on Wednesday, hitting $2.33. 74,375 shares of the company’s stock were exchanged, compared to its average volume of 493,511. Exyn Technologies has a 52 week low of $1.50 and a 52 week high of $7.20. The stock has a 50-day moving average of $2.55.

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

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.