Odysight.ai Inc. (NASDAQ:ODYS) Short Interest Down 80.6% in May

Odysight.ai Inc. (NASDAQ:ODYSGet Free Report) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 54,558 shares, a drop of 80.6% from the May 14th total of 280,909 shares. Based on an average daily trading volume, of 86,426 shares, the short-interest ratio is currently 0.6 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of Odysight.ai

An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd bought a new position in Odysight.ai Inc. (NASDAQ:ODYSFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai makes up approximately 0.1% of Noked Israel Ltd’s investment portfolio, making the stock its 11th largest holding. Noked Israel Ltd owned about 1.23% of Odysight.ai as of its most recent SEC filing. 19.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Benchmark assumed coverage on Odysight.ai in a research report on Monday, March 23rd. They set a “moderate buy” rating and a $10.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Odysight.ai in a research report on Tuesday, May 19th. One 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 stock currently has a consensus rating of “Hold” and an average target price of $10.00.

Read Our Latest Report on ODYS

Odysight.ai Stock Down 1.1%

Shares of Odysight.ai stock traded down $0.04 on Friday, reaching $3.67. The company’s stock had a trading volume of 38,363 shares, compared to its average volume of 405,893. The company has a market capitalization of $61.69 million, a price-to-earnings ratio of -3.34 and a beta of -0.58. The firm’s fifty day simple moving average is $5.11 and its two-hundred day simple moving average is $4.86. Odysight.ai has a 52 week low of $2.60 and a 52 week high of $11.30.

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

Odysight.ai Company Profile

(Get Free Report)

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.

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