Short Interest in Odysight.ai Inc. (NASDAQ:ODYS) Decreases By 60.5%

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 2,647 shares, a decline of 60.5% from the April 15th total of 6,697 shares. Based on an average daily trading volume, of 17,673 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd acquired a new stake in Odysight.ai Inc. (NASDAQ:ODYS) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai makes up approximately 0.1% of Noked Israel Ltd’s investment portfolio, making the stock its 11th largest position. Noked Israel Ltd owned approximately 1.23% of Odysight.ai as of its most recent SEC filing. 19.67% of the stock is currently owned by institutional investors.

Odysight.ai Trading Up 0.9%

Shares of ODYS traded up $0.04 during midday trading on Thursday, reaching $4.55. The stock had a trading volume of 214,324 shares, compared to its average volume of 475,481. The company’s 50-day moving average is $5.82 and its 200 day moving average is $4.68. Odysight.ai has a 12-month low of $2.60 and a 12-month high of $11.30. The company has a market capitalization of $74.42 million, a price-to-earnings ratio of -4.25 and a beta of -0.52.

Odysight.ai (NASDAQ:ODYS) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($0.26) earnings per share (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 during the quarter.

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.