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 April. As of April 30th, there was short interest totaling 2,647 shares, a decrease of 60.5% from the April 15th total of 6,697 shares. Based on an average trading volume of 17,673 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% 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 Up 0.9%

NASDAQ:ODYS traded up $0.04 during trading hours on Friday, hitting $4.56. The company’s stock had a trading volume of 141,978 shares, compared to its average volume of 2,069,702. The stock has a market capitalization of $74.60 million, a P/E ratio of -4.15 and a beta of -0.52. The stock has a fifty day moving average of $5.79 and a 200-day moving average of $4.69. 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 Thursday, May 14th. 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 61.80%.

Analysts Set New Price Targets

Separately, Benchmark initiated 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 analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.