Short Interest in ODDITY Tech Ltd. (NASDAQ:ODD) Decreases By 24.7%

Key Points

• Short interest in ODDITY Tech Ltd. decreased by 24.7% in August, dropping from 6,320,000 shares to 4,760,000 shares.
• Several institutional investors have increased their stakes in the company, with Northern Trust Corp raising its stake by 121.9% and J. Goldman & Co LP increasing theirs by 322.5%.
• Analysts have boosted their price targets for ODDITY Tech, with KeyCorp setting a new price objective of $90.00 and a consensus average target of $74.56.

ODDITY Tech Ltd. (NASDAQ:ODD - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 4,760,000 shares, adropof24.7% from the July 31st total of 6,320,000 shares. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is currently 4.5 days. Currently,15.4% of the shares of the stock are sold short. Currently,15.4% of the shares of the stock are sold short. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is currently 4.5 days.

Hedge Funds Weigh In On ODDITY Tech

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in ODDITY Tech by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,999 shares of the company's stock valued at $126,000 after acquiring an additional 449 shares during the last quarter. Northern Trust Corp lifted its stake in shares of ODDITY Tech by 121.9% in the 4th quarter. Northern Trust Corp now owns 64,679 shares of the company's stock valued at $2,718,000 after purchasing an additional 35,533 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of ODDITY Tech in the 4th quarter valued at about $3,956,000. Janus Henderson Group PLC boosted its position in shares of ODDITY Tech by 71.9% during the 4th quarter. Janus Henderson Group PLC now owns 846,281 shares of the company's stock valued at $35,539,000 after purchasing an additional 354,083 shares in the last quarter. Finally, J. Goldman & Co LP grew its stake in ODDITY Tech by 322.5% during the fourth quarter. J. Goldman & Co LP now owns 307,375 shares of the company's stock worth $12,916,000 after purchasing an additional 234,625 shares during the period. Institutional investors and hedge funds own 35.88% of the company's stock.

ODDITY Tech Trading Up 1.4%

ODD opened at $63.00 on Monday. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 3.00 and a beta of 3.25. The company's 50 day moving average price is $66.26 and its two-hundred day moving average price is $59.32. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.32 and a quick ratio of 5.57. ODDITY Tech has a fifty-two week low of $32.71 and a fifty-two week high of $79.18.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. The firm had revenue of $241.14 million for the quarter, compared to the consensus estimate of $237.44 million. ODDITY Tech had a return on equity of 32.17% and a net margin of 14.65%.The business's quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. ODDITY Tech has set its Q3 2025 guidance at 0.330-0.360 EPS. FY 2025 guidance at 1.990-2.040 EPS. As a group, research analysts predict that ODDITY Tech will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on ODD. Truist Financial lifted their price objective on ODDITY Tech from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. JMP Securities upped their target price on shares of ODDITY Tech from $72.00 to $80.00 and gave the stock a "market outperform" rating in a research report on Tuesday, August 5th. Bank of America raised their price target on shares of ODDITY Tech from $68.00 to $80.00 and gave the company a "buy" rating in a report on Friday, June 27th. Morgan Stanley upped their price target on ODDITY Tech from $56.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, KeyCorp raised their price objective on ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $74.56.

About ODDITY Tech

Oddity Tech Ltd. operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally. It serves consumers worldwide through its AI-driven online platform, which uses data science, machine learning, and computer vision capabilities to identify consumer needs, and develop solutions in the form of beauty and wellness products.

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