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

Odysight.ai Inc. (NASDAQ:ODYS) was the recipient of 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 72,828 shares, the short-interest ratio is currently 0.1 days.

Insiders Place Their Bets

In other news, Director Benad Goldwasser purchased 46,875 shares of Odysight.ai stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of $3.20 per share, with a total value of $150,000.00. Following the transaction, the director directly owned 121,875 shares in the company, valued at $390,000. The trade was a 62.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Zeev Vurembrand bought 31,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average cost of $3.20 per share, with a total value of $100,000.00. Following the transaction, the director owned 46,250 shares of the company’s stock, valued at $148,000. This represents a 208.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 46.90% of the company’s stock.

Odysight.ai Stock Performance

Shares of NASDAQ:ODYS traded up $0.17 during mid-day trading on Monday, reaching $2.13. 94,584 shares of the company’s stock were exchanged, compared to its average volume of 231,328. The firm has a market capitalization of $43.12 million, a price-to-earnings ratio of -1.92 and a beta of -0.48. Odysight.ai has a twelve month low of $1.85 and a twelve month high of $11.30. The business’s fifty day moving average price is $2.94 and its 200-day moving average price is $4.50.

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

Wall Street Analyst Weigh In

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

About Odysight.ai

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.