Odysight.ai Inc. (NASDAQ:ODYS) Stock Short Interest Report for October

Odysight.ai Inc. (NASDAQ:ODYS) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,349 shares, a drop of 41.2% from the September 30th total of 12,496 shares. Based on an average trading volume of 72,828 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Insider Buying and Selling

In related news, Director Zeev Vurembrand bought 31,250 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of $3.20 per share, for a total transaction of $100,000.00. Following the acquisition, the director owned 46,250 shares in the company, valued at $148,000. This represents a 208.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Benad Goldwasser acquired 46,875 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were bought at an average price of $3.20 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director owned 121,875 shares in the company, valued at approximately $390,000. This trade represents a 62.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 46.90% of the stock is owned by insiders.

Odysight.ai Trading Down 4.7%

NASDAQ ODYS traded down $0.10 during trading on Tuesday, reaching $2.03. 8,545 shares of the company’s stock were exchanged, compared to its average volume of 230,238. Odysight.ai has a fifty-two week low of $1.85 and a fifty-two week high of $11.30. The firm has a market capitalization of $41.07 million, a PE ratio of -1.83 and a beta of -0.48. The company’s fifty day simple moving average is $2.92 and its 200-day simple moving average is $4.49.

Odysight.ai (NASDAQ:ODYS) last posted its earnings results on Thursday, August 13th. The company reported ($0.26) EPS for the quarter. Odysight.ai had a negative return on equity of 78.20% and a negative net margin of 1,669.72%. The business had revenue of $0.42 million during the quarter. Equities analysts forecast that Odysight.ai will post -1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on ODYS shares. Chardan Capital raised Odysight.ai to a “strong-buy” rating in a research report on Wednesday, August 26th. Weiss Ratings upgraded Odysight.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 25th. Zacks Research upgraded Odysight.ai to a “hold” rating in a research note on Friday, August 28th. Finally, Benchmark reissued a “buy” rating on shares of Odysight.ai in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.57.

Odysight.ai Company Profile

Odysight.ai is a technology company focused on visual monitoring, inspection and predictive-maintenance solutions for mission-critical equipment. Its systems combine miniature camera technology, sensors and software designed to capture visual data from locations that may be difficult or impractical for conventional inspection methods to access.

The company’s products are intended to help customers identify equipment wear, damage and operating anomalies at an early stage. Odysight.ai’s applications have been associated with aerospace, industrial machinery, automotive and medical-device environments, where remote or continuous visual monitoring can support maintenance, reliability and operational efficiency.

The company was formerly known as ScoutCam and developed its technology around compact video-imaging systems and related analytics.