01:26 PM EDT, 10/08/2024 (MT Newswires) -- Laser Photonics ( LASE ) said Tuesday that the "excitement" due to the Laser Shield Anti-Drone System concept resulted in "significant" stock volatility last month with its share price movement gathering short sellers' attention.

The company recently came across a short report where the author took a short position and attempted to "manipulate" the stock price, Laser said, adding that the "individual is not involved in the company's day-to-day operations" and the report was based on allegations.

Shares surged 76% as intraday trading volume soared to over 42.9 million from a daily average of about 1.47 million.

Palladyne AI ( PDYN ) said Tuesday that it completed phase I of a multi-million-dollar contract with the Air Logistics Complex at Warner Robins Air Force Base in Georgia, demonstrating the application of its software platform on industrial robots in "unstructured" environments

Shares soared 46% as intraday trading volume catapulted to more than 13.8 million from a daily average of about 100,000.

SKK Holdings (SKK) shares soared 54% amid heavy trading, extending gains after the company's Nasdaq debut on Monday at higher than the $4-per-share initial public offering price.

More than 4.8 million shares were traded intraday.

Price: 7.59, Change: +3.27, Percent Change: +75.69