Odysight.ai Inc. (NASDAQ:ODYS) Short Interest Up 195.8% in April

Odysight.ai Inc. (NASDAQ:ODYS) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 6,697 shares, a growth of 195.8% from the March 31st total of 2,264 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 23,073 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Benchmark assumed coverage on shares of Odysight.ai in a research report on Monday, March 23rd. They set a “moderate buy” rating and a $10.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Odysight.ai currently has an average rating of “Hold” and a consensus price target of $10.00.

Hedge Funds Weigh In On Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd purchased a new stake in Odysight.ai Inc. (NASDAQ:ODYS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai makes up about 0.1% of Noked Israel Ltd’s portfolio, making the stock its 11th biggest holding. Noked Israel Ltd owned 1.23% of Odysight.ai at the end of the most recent quarter. Hedge funds and other institutional investors own 19.67% of the company’s stock.

Odysight.ai Price Performance

Shares of ODYS stock traded up $0.20 on Friday, reaching $4.98. 2,912 shares of the company were exchanged, compared to its average volume of 23,265. The company has a market cap of $81.47 million, a price-to-earnings ratio of -4.65 and a beta of -0.06. The company has a 50-day moving average of $5.91 and a 200-day moving average of $4.61. Odysight.ai has a one year low of $2.60 and a one year high of $7.60.

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

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.