Odysight.ai Inc. (NASDAQ:ODYS) Stock Short Interest Declines 42.8%
by Michael Walen · The Markets DailyOdysight.ai Inc. (NASDAQ:ODYS – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 12,880 shares, a drop of 42.8% from the August 31st total of 22,517 shares. Based on an average daily volume of 47,444 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
ODYS has been the topic of a number of recent research reports. Chardan Capital upgraded shares of Odysight.ai to a “strong-buy” rating in a report on Wednesday, August 26th. Benchmark reissued a “buy” rating on shares of Odysight.ai in a research report on Monday, August 17th. Zacks Research raised shares of Odysight.ai to a “hold” rating in a research note on Friday, August 28th. Morgan Stanley upgraded Odysight.ai to an “overweight” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings raised Odysight.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.57.
Read Our Latest Report on ODYS
Odysight.ai Stock Down 7.2%
Shares of ODYS stock traded down $0.22 on Thursday, reaching $2.82. 7,721 shares of the stock were exchanged, compared to its average volume of 251,793. The stock has a market cap of $57.08 million, a P/E ratio of -2.54 and a beta of -0.55. The firm has a 50 day moving average of $3.76 and a two-hundred day moving average of $4.60. Odysight.ai has a 1-year low of $2.60 and a 1-year high of $11.30.
Odysight.ai (NASDAQ:ODYS – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter. Odysight.ai had a negative net margin of 1,669.72% and a negative return on equity of 78.20%. The firm had revenue of $0.42 million during the quarter. On average, equities research analysts predict that Odysight.ai will post -1.12 EPS for the current fiscal year.
Insider Activity at Odysight.ai
In related news, Director Zeev Vurembrand bought 31,250 shares of Odysight.ai stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average price of $3.20 per share, with a total value of $100,000.00. Following the purchase, the director owned 46,250 shares in the company, valued at $148,000. This represents a 208.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Benad Goldwasser purchased 46,875 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $3.20 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director owned 121,875 shares of the company’s stock, valued at approximately $390,000. The trade was a 62.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 46.90% of the company’s stock.
Odysight.ai Company Profile
Odysight.ai Ltd. (NASDAQ: ODYS) is a technology company that develops artificial intelligence and computer-vision solutions for monitoring equipment and detecting potential failures. Its technology is designed to analyze visual data from hard-to-access components and provide insights that can support predictive maintenance, inspection and operational decision-making.
The company’s products combine miniature visual sensing systems, cameras, data processing and AI-based analytics. These solutions are intended for applications in industries such as aerospace, automotive and industrial machinery, where early identification of wear, damage or abnormal operating conditions can help improve reliability and reduce unplanned downtime.
Odysight.ai was formerly known as ScoutCam Inc and has roots in Israel’s technology sector.