Odysight.ai Inc. (NASDAQ:ODYS) Short Interest Update

Key Points

• Short interest surged 195.8% in April to 6,697 shares (about 0.1% of shares outstanding), with a very low days-to-cover of 0.3 days based on average daily volume.
• Noked Israel Ltd bought a new stake of 200,972 shares (~1.23% of Odysight.ai) worth roughly $904,000, and institutional investors now own about 19.67% of the company.
• Benchmark initiated coverage with a "moderate buy" and $10 target while the consensus is a "Hold" at an average $10 target; the stock traded near $4.98 and the company reported a ($0.26) EPS loss on $0.44 million revenue with a market cap of about $81.5 million.

Odysight.ai Inc. (NASDAQ:ODYS - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 6,697 shares, a growth of 195.8% from the March 31st total of 2,264 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 23,073 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Benchmark initiated coverage on Odysight.ai in a research report on Monday, March 23rd. They issued a "moderate buy" rating and a $10.00 price objective for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Odysight.ai has a consensus rating of "Hold" and an average target price of $10.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd purchased a new position in shares of Odysight.ai Inc. (NASDAQ:ODYS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 200,972 shares of the company's stock, valued at approximately $904,000. Odysight.ai accounts for 0.1% of Noked Israel Ltd's holdings, making the stock its 11th largest position. Noked Israel Ltd owned about 1.23% of Odysight.ai as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 19.67% of the company's stock.

Odysight.ai Trading Up 4.2%

Odysight.ai stock traded up $0.20 during mid-day trading on Friday, hitting $4.98. The company's stock had a trading volume of 2,912 shares, compared to its average volume of 23,265. The firm has a market capitalization of $81.47 million, a PE ratio of -4.65 and a beta of -0.06. Odysight.ai has a 1 year low of $2.60 and a 1 year high of $7.60. The stock's fifty day moving average is $5.91 and its two-hundred day moving average is $4.60.

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 business had revenue of $0.44 million during the quarter. Odysight.ai had a negative return on equity of 55.44% and a negative net margin of 565.01%.

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.

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