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

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

Analysts Set New Price Targets

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 target price for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.00.

Odysight.ai Trading Up 0.9%

Shares of NASDAQ ODYS traded up $0.04 during mid-day trading on Thursday, hitting $4.55. The company had a trading volume of 214,324 shares, compared to its average volume of 475,481. 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 has a 1 year low of $2.60 and a 1 year high of $11.30. The stock’s 50-day moving average price is $5.82 and its 200-day moving average price is $4.68.

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

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 position in shares of Odysight.ai Inc. (NASDAQ:ODYS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai makes up 0.1% of Noked Israel Ltd’s holdings, making the stock its 11th biggest position. Noked Israel Ltd owned about 1.23% of Odysight.ai as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 19.67% of the company’s stock.

Odysight.ai Company Profile

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.