Odysight.ai Inc. (NASDAQ:ODYS) Short Interest Update

Odysight.ai Inc. (NASDAQ:ODYS) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 54,558 shares, a decrease of 80.6% from the May 14th total of 280,909 shares. Based on an average trading volume of 86,426 shares, the short-interest ratio is currently 0.6 days. Approximately 0.6% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research analysts recently commented on ODYS shares. Benchmark started coverage on Odysight.ai in a report on Monday, March 23rd. They issued a “moderate buy” rating and a $10.00 price objective on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Odysight.ai in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.00.

Odysight.ai Stock Down 0.6%

NASDAQ:ODYS traded down $0.02 during trading hours on Wednesday, reaching $3.73. 16,178 shares of the stock were exchanged, compared to its average volume of 412,485. The business has a 50-day moving average of $5.24 and a two-hundred day moving average of $4.86. Odysight.ai has a twelve month low of $2.60 and a twelve month high of $11.30. The company has a market capitalization of $62.65 million, a price-to-earnings ratio of -3.39 and a beta of -0.58.

Odysight.ai (NASDAQ:ODYS) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.32) EPS for the quarter. Odysight.ai had a negative return on equity of 66.30% and a negative net margin of 1,739.44%.The firm had revenue of $0.08 million for the quarter.

Institutional Trading of Odysight.ai

An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd acquired a new position in shares of Odysight.ai Inc. (NASDAQ:ODYS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai accounts for approximately 0.1% of Noked Israel Ltd’s portfolio, making the stock its 11th biggest position. Noked Israel Ltd owned 1.23% of Odysight.ai as of its most recent filing with the Securities & Exchange Commission. 19.67% of the stock is currently owned by hedge funds and other institutional investors.

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.