Short Interest in Odysight.ai Inc. (NASDAQ:ODYS) Grows By 195.8%

Odysight.ai Inc. (NASDAQ:ODYS) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 6,697 shares, a growth of 195.8% from the March 31st total of 2,264 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 23,073 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of 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 the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai makes up about 0.1% of Noked Israel Ltd’s holdings, making the stock its 11th biggest holding. Noked Israel Ltd owned approximately 1.23% of Odysight.ai at the end of the most recent quarter. Institutional investors and hedge funds own 19.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark started coverage on shares of Odysight.ai in a research report on Monday, March 23rd. They issued a “moderate buy” rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Odysight.ai Stock Up 1.6%

Shares of ODYS stock traded up $0.08 during trading hours on Monday, reaching $5.02. 2,953 shares of the stock traded hands, compared to its average volume of 26,436. The firm has a market capitalization of $82.13 million, a PE ratio of -4.69 and a beta of -0.06. Odysight.ai has a 1-year low of $2.60 and a 1-year high of $7.60. The business has a fifty day moving average price of $5.91 and a 200 day moving average price of $4.61.

Odysight.ai (NASDAQ:ODYS) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $0.44 million for the quarter. Odysight.ai had a negative return on equity of 55.44% and a negative net margin of 565.01%.

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.