Odysight.ai Inc. (NASDAQ:ODYS) Shares Shorted: Short Interest Down 42.8% in September

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 12,880 shares, a decline of 42.8% from the August 31st total of 22,517 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 47,444 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ODYS shares. Zacks Research upgraded Odysight.ai to a “hold” rating in a report on Friday, August 28th. Benchmark reaffirmed a “buy” rating on shares of Odysight.ai in a research note on Monday, August 17th. Morgan Stanley raised shares of Odysight.ai to an “overweight” rating in a research note on Wednesday, June 24th. Weiss Ratings raised shares of Odysight.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 25th. Finally, Chardan Capital raised shares of Odysight.ai to a “strong-buy” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Odysight.ai has a consensus rating of “Moderate Buy” and a consensus price target of $8.57.

Odysight.ai Stock Performance

Shares of NASDAQ ODYS traded up $0.15 during mid-day trading on Friday, hitting $2.97. 10,570 shares of the stock traded hands, compared to its average volume of 250,456. Odysight.ai has a 52 week low of $2.60 and a 52 week high of $11.30. The company has a market cap of $60.15 million, a price-to-earnings ratio of -2.45 and a beta of -0.48. The stock has a fifty day moving average price of $3.72 and a 200-day moving average price of $4.58.

Odysight.ai (NASDAQ:ODYS) last issued its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $0.42 million during the quarter. Odysight.ai had a negative return on equity of 78.20% and a negative net margin of 1,669.72%. As a group, sell-side analysts predict that Odysight.ai will post -1.12 EPS for the current fiscal year.

Insider Buying and Selling at Odysight.ai

In other news, Director Benad Goldwasser bought 46,875 shares of the stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of $3.20 per share, for a total transaction of $150,000.00. Following the acquisition, the director owned 121,875 shares in the company, valued at approximately $390,000. This trade represents a 62.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Zeev Vurembrand purchased 31,250 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $3.20 per share, with a total value of $100,000.00. Following the completion of the purchase, the director directly owned 46,250 shares in the company, valued at approximately $148,000. This represents a 208.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 46.90% of the company’s stock.

About Odysight.ai

Odysight.ai Ltd. (NASDAQ: ODYS) is a technology company that develops artificial intelligence and computer-vision solutions for monitoring equipment and detecting potential failures. Its technology is designed to analyze visual data from hard-to-access components and provide insights that can support predictive maintenance, inspection and operational decision-making.

The company’s products combine miniature visual sensing systems, cameras, data processing and AI-based analytics. These solutions are intended for applications in industries such as aerospace, automotive and industrial machinery, where early identification of wear, damage or abnormal operating conditions can help improve reliability and reduce unplanned downtime.

Odysight.ai was formerly known as ScoutCam Inc and has roots in Israel’s technology sector.