Odysight.ai Inc. (NASDAQ:ODYS) Sees Significant Increase in Short Interest

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 20,739 shares, a growth of 1,141.1% from the December 31st total of 1,671 shares. Based on an average daily trading volume, of 60,751 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 60,751 shares, the short-interest ratio is presently 0.3 days.

Odysight.ai Stock Up 3.4%

NASDAQ:ODYS traded up $0.20 during trading hours on Thursday, reaching $6.10. 51,745 shares of the stock were exchanged, compared to its average volume of 44,775. Odysight.ai has a 52 week low of $2.60 and a 52 week high of $10.80. The firm has a 50 day simple moving average of $3.68 and a 200-day simple moving average of $3.87. The stock has a market capitalization of $99.74 million, a P/E ratio of -5.55 and a beta of 0.35.

Odysight.ai (NASDAQ:ODYS) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.27) earnings per share (EPS) for the quarter. Odysight.ai had a negative return on equity of 56.38% and a negative net margin of 420.41%.The business had revenue of $0.15 million during the quarter.

Insider Buying and Selling at Odysight.ai

In other news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $3.33, for a total transaction of $1,077,065.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 724,998 shares of company stock valued at $2,434,916. Company insiders own 46.90% of the company’s stock.

Institutional Investors Weigh In On Odysight.ai

An institutional investor recently raised its position in Odysight.ai stock. Y.D. More Investments Ltd increased its position in Odysight.ai Inc. (NASDAQ:ODYS) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,792,353 shares of the company’s stock after purchasing an additional 94,530 shares during the quarter. Odysight.ai makes up 0.6% of Y.D. More Investments Ltd’s portfolio, making the stock its 25th biggest position. Y.D. More Investments Ltd owned 10.98% of Odysight.ai worth $9,285,000 at the end of the most recent reporting period. 19.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Odysight.ai in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.00.

About Odysight.ai

Odysight.ai, Inc engages in the development and manufacture of customized visual solutions for organizations across a variety of industries in the form of micro cameras and supplementary technologies. Its devices can used across the medical, aerospace, industrial, research, and defense industries. The company was founded on March 22, 2013 and is headquartered in Omer, Israel.