Odysight.ai Inc. (NASDAQ:ODYS) Stock Short Interest Drops 41.2%

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 7,349 shares, a drop of 41.2% from the September 30th total of 12,496 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 72,828 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

Odysight.ai Trading Up 5.9%

NASDAQ:ODYS traded up $0.11 during mid-day trading on Friday, hitting $1.96. The company had a trading volume of 1,097 shares, compared to its average volume of 58,384. The firm has a market capitalization of $39.67 million, a price-to-earnings ratio of -1.77 and a beta of -0.48. Odysight.ai has a 1 year low of $1.85 and a 1 year high of $11.30. The business has a fifty day simple moving average of $2.94 and a 200-day simple moving average of $4.50.

Odysight.ai (NASDAQ:ODYS) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter. The company 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, research analysts anticipate that Odysight.ai will post -1.12 earnings per share for the current year.

Insiders Place Their Bets

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

About Odysight.ai

Odysight.ai is a technology company focused on visual monitoring, inspection and predictive-maintenance solutions for mission-critical equipment. Its systems combine miniature camera technology, sensors and software designed to capture visual data from locations that may be difficult or impractical for conventional inspection methods to access.

The company’s products are intended to help customers identify equipment wear, damage and operating anomalies at an early stage. Odysight.ai’s applications have been associated with aerospace, industrial machinery, automotive and medical-device environments, where remote or continuous visual monitoring can support maintenance, reliability and operational efficiency.

The company was formerly known as ScoutCam and developed its technology around compact video-imaging systems and related analytics.