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

Odysight.ai Inc. (NASDAQ:ODYS) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 3,644 shares, a decrease of 41.2% from the February 26th total of 6,194 shares. Based on an average trading volume of 19,149 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several analysts recently commented on ODYS shares. Benchmark assumed coverage on shares of Odysight.ai in a research note on Monday, March 23rd. They set a “moderate buy” rating and a $10.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Odysight.ai in a report 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. Based on data from MarketBeat, Odysight.ai presently has an average rating of “Hold” and a consensus price target of $10.00.

Odysight.ai Stock Performance

Shares of NASDAQ:ODYS remained flat at $6.76 during midday trading on Friday. The company had a trading volume of 6,264 shares, compared to its average volume of 20,368. The company has a fifty day simple moving average of $5.66 and a two-hundred day simple moving average of $4.34. The company has a market capitalization of $110.59 million, a price-to-earnings ratio of -6.32 and a beta of 0.44. Odysight.ai has a fifty-two week low of $2.60 and a fifty-two week high of $7.40.

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

Insiders Place Their Bets

In other 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 shares were sold at an average price of $3.33, for a total transaction of $1,077,065.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 333,073 shares of company stock valued at $1,108,369. 46.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd purchased a new stake in Odysight.ai Inc. (NASDAQ:ODYS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 portfolio, making the stock its 11th biggest position. Noked Israel Ltd owned approximately 1.23% of Odysight.ai as of its most recent filing with the Securities and Exchange Commission. 19.67% of the stock is currently owned by institutional investors and hedge funds.

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.