Short Interest in Odysight.ai Inc. (NASDAQ:ODYS) Decreases By 80.6%

Odysight.ai Inc. (NASDAQ:ODYS) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 54,558 shares, a decrease of 80.6% from the May 14th total of 280,909 shares. Based on an average daily volume of 86,426 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

ODYS has been the subject of several recent analyst reports. Benchmark initiated 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 restated a “sell (d-)” rating on shares of Odysight.ai in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Odysight.ai presently has an average rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On Odysight.ai

An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd bought a new stake in Odysight.ai Inc. (NASDAQ:ODYS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 as of its most recent SEC filing. 19.67% of the stock is owned by institutional investors and hedge funds.

Odysight.ai Trading Up 3.1%

NASDAQ ODYS traded up $0.11 on Thursday, hitting $3.71. 26,965 shares of the company’s stock were exchanged, compared to its average volume of 409,234. The stock has a 50-day moving average of $5.18 and a 200-day moving average of $4.86. Odysight.ai has a 52 week low of $2.60 and a 52 week high of $11.30. The stock has a market cap of $62.35 million, a price-to-earnings ratio of -3.37 and a beta of -0.58.

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

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.