Odysight.ai Inc. (NASDAQ:ODYS) Sees Large Drop in Short Interest

Odysight.ai Inc. (NASDAQ:ODYS) was the recipient of a large decrease in short interest in 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 short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Odysight.ai Stock Performance

ODYS remained flat at $6.76 on Friday. The company had a trading volume of 6,264 shares, compared to its average volume of 20,368. The business has a fifty day moving average price of $5.66 and a 200-day moving average price of $4.33. Odysight.ai has a 1 year low of $2.60 and a 1 year high of $7.40. The stock has a market capitalization of $110.59 million, a P/E ratio of -6.32 and a beta of 0.44.

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

Insider Buying and Selling

In other Odysight.ai news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of Odysight.ai stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $3.33, for a total value of $1,077,065.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 333,073 shares of company stock worth $1,108,369. Company insiders own 46.90% of the company’s stock.

Institutional Investors Weigh In On Odysight.ai

An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd bought a new position in shares of 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 (SEC). The fund bought 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai comprises 0.1% of Noked Israel Ltd’s investment portfolio, 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. 19.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Odysight.ai in a research note on Monday, December 22nd. Benchmark started coverage on shares of Odysight.ai in a report on Monday, March 23rd. They set a “moderate buy” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

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.