Odysight.ai Inc. (NASDAQ:ODYS) Short Interest Up 10,512.4% in May

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 280,909 shares, an increase of 10,512.4% from the April 30th total of 2,647 shares. Based on an average daily volume of 3,571,697 shares, the short-interest ratio is presently 0.1 days. Currently, 3.2% of the shares of the company are sold short.

Odysight.ai Stock Down 3.3%

Shares of ODYS stock traded down $0.17 during trading hours on Wednesday, hitting $4.94. 59,068 shares of the company’s stock were exchanged, compared to its average volume of 446,665. The firm has a market cap of $82.88 million, a P/E ratio of -4.49 and a beta of -0.52. The firm has a 50 day moving average of $5.70 and a two-hundred day moving average of $4.79. Odysight.ai has a fifty-two week low of $2.60 and a fifty-two week high of $11.30.

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

Institutional Trading of Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd acquired a new position in shares of Odysight.ai Inc. (NASDAQ:ODYS) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai comprises approximately 0.1% of Noked Israel Ltd’s investment portfolio, making the stock its 11th biggest position. Noked Israel Ltd owned 1.23% of Odysight.ai at the end of the most recent reporting period. Institutional investors and hedge funds own 19.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Benchmark assumed coverage on 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 research note on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.00.

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.