Odysight.ai Inc. (NASDAQ:ODYS) Short Interest Update

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a significant decrease in short interest in 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 trading volume of 86,426 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd bought a new stake in Odysight.ai Inc. (NASDAQ:ODYS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 holdings, 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. Institutional investors and hedge funds own 19.67% of the company’s stock.

Odysight.ai Trading Down 0.6%

NASDAQ:ODYS traded down $0.02 during trading hours on Wednesday, hitting $3.73. The company’s stock had a trading volume of 16,178 shares, compared to its average volume of 412,485. The stock has a market capitalization of $62.65 million, a P/E ratio of -3.39 and a beta of -0.58. The stock has a fifty day moving average of $5.24 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.

Odysight.ai (NASDAQ:ODYS) 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 net margin of 1,739.44% and a negative return on equity of 66.30%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Odysight.ai in a research report on Tuesday, May 19th. 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 on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Odysight.ai has an average rating of “Hold” and an average target price of $10.00.

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.