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

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 2,176 shares, a decline of 56.2% from the January 29th total of 4,965 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 18,306 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 18,306 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Odysight.ai Trading Up 0.2%

Shares of ODYS traded up $0.01 during trading hours on Friday, hitting $4.95. 1,189 shares of the stock traded hands, compared to its average volume of 17,003. Odysight.ai has a 1-year low of $2.60 and a 1-year high of $7.02. The business has a fifty day moving average of $4.68 and a 200-day moving average of $4.02.

Insider Transactions at Odysight.ai

In other news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $3.33, for a total transaction of $1,077,065.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 644,063 shares of company stock valued at $2,165,701 in the last ninety days. 46.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Odysight.ai stock. Y.D. More Investments Ltd raised its position in Odysight.ai Inc. (NASDAQ:ODYS) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,792,353 shares of the company’s stock after purchasing an additional 94,530 shares during the period. Odysight.ai makes up about 0.6% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 25th biggest holding. Y.D. More Investments Ltd owned about 10.98% of Odysight.ai worth $9,285,000 at the end of the most recent reporting period. Institutional investors own 19.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Odysight.ai in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.