Short Interest in Odysight.ai Inc. (NASDAQ:ODYS) Declines By 37.9%
by Scott Moore · The Cerbat GemOdysight.ai Inc. (NASDAQ:ODYS – Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 2,264 shares, a decrease of 37.9% from the March 15th total of 3,644 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 20,951 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd acquired a new stake in shares of Odysight.ai Inc. (NASDAQ:ODYS – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai accounts for about 0.1% of Noked Israel Ltd’s investment portfolio, making the stock its 11th largest holding. Noked Israel Ltd owned about 1.23% of Odysight.ai at the end of the most recent reporting period. 19.67% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Odysight.ai in a research note on Monday, December 22nd. 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 on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Odysight.ai currently has an average rating of “Hold” and a consensus price target of $10.00.
Get Our Latest Research Report on Odysight.ai
Odysight.ai Price Performance
Odysight.ai stock traded down $0.52 during midday trading on Tuesday, reaching $5.46. 19,331 shares of the company traded hands, compared to its average volume of 21,256. The firm has a market capitalization of $89.33 million, a price-to-earnings ratio of -5.10 and a beta of -0.06. The business has a 50 day moving average of $5.98 and a two-hundred day moving average of $4.56. Odysight.ai has a 12 month low of $2.60 and a 12 month high of $7.60.
Odysight.ai (NASDAQ:ODYS – Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $0.44 million for the quarter. Odysight.ai had a negative net margin of 565.01% and a negative return on equity of 55.44%.
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.