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

Odysight.ai Inc. (NASDAQ:ODYS) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 2,264 shares, a decline of 37.9% from the March 15th total of 3,644 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 20,951 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ODYS shares. Benchmark began coverage on shares of Odysight.ai in a research report on Monday, March 23rd. They issued a “moderate buy” rating and a $10.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Odysight.ai in a research report on Monday, December 22nd. 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Odysight.ai Trading Up 2.2%

NASDAQ:ODYS traded up $0.12 during midday trading on Thursday, hitting $5.70. 19,767 shares of the stock were exchanged, compared to its average volume of 27,026. Odysight.ai has a one year low of $2.60 and a one year high of $7.60. The company has a market capitalization of $93.32 million, a price-to-earnings ratio of -5.22 and a beta of -0.06. The business has a 50-day moving average price of $5.97 and a two-hundred day moving average price of $4.57.

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

Institutional Investors Weigh In On Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd bought a new position in Odysight.ai Inc. (NASDAQ:ODYS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 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. Hedge funds and other institutional investors own 19.67% of the company’s stock.

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.