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

Odysight.ai Inc. (NASDAQ:ODYS) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 4,965 shares, a decrease of 76.1% from the January 15th total of 20,739 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 21,762 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 21,762 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Insider Activity

In other Odysight.ai news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $3.33, for a total value of $1,077,065.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 644,063 shares of company stock valued at $2,165,701. Company insiders own 46.90% of the company’s stock.

Hedge Funds Weigh In On Odysight.ai

An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd bought a new position in Odysight.ai Inc. (NASDAQ:ODYS) in the third quarter, according to its most recent filing with the SEC. The firm bought 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai makes up 0.1% of Noked Israel Ltd’s investment portfolio, making the stock its 11th largest position. Noked Israel Ltd owned 1.23% of Odysight.ai as of its most recent filing with the SEC. Hedge funds and other institutional investors own 19.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Odysight.ai in a research note on Monday, December 22nd. One investment 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.com, Odysight.ai currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Odysight.ai Trading Up 2.0%

NASDAQ:ODYS opened at $5.56 on Wednesday. The stock has a 50-day moving average price of $4.19 and a 200 day moving average price of $3.95. The stock has a market capitalization of $90.96 million, a P/E ratio of -5.05 and a beta of 0.32. Odysight.ai has a 12-month low of $2.60 and a 12-month high of $7.46.

Odysight.ai (NASDAQ:ODYS) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.27) earnings per share 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.

Odysight.ai Company Profile

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.