ODDITY Tech Ltd. (NASDAQ:ODD) Short Interest Update

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 target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 4,760,000 shares, a decrease of 24.7% from the July 31st total of 6,320,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 15.4% of the shares of the stock are sold short. Approximately 15.4% of the shares of the stock are sold short. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ODD. WD Rutherford LLC acquired a new stake in ODDITY Tech during the 2nd quarter valued at approximately $48,000. Assetmark Inc. acquired a new stake in ODDITY Tech during the 2nd quarter valued at approximately $54,000. Deutsche Bank AG increased its position in ODDITY Tech by 65.0% during the 1st quarter. Deutsche Bank AG now owns 1,340 shares of the company's stock valued at $58,000 after purchasing an additional 528 shares during the period. Legal & General Group Plc acquired a new stake in ODDITY Tech during the 2nd quarter valued at approximately $71,000. Finally, Headlands Technologies LLC acquired a new stake in ODDITY Tech during the 2nd quarter valued at approximately $108,000. Institutional investors own 35.88% of the company's stock.

ODDITY Tech Price Performance

Shares of ODD stock traded down $0.18 on Friday, reaching $62.82. The company had a trading volume of 416,948 shares, compared to its average volume of 432,902. The stock has a market capitalization of $3.51 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 3.00 and a beta of 3.25. The company has a quick ratio of 5.57, a current ratio of 6.32 and a debt-to-equity ratio of 1.66. ODDITY Tech has a one year low of $34.55 and a one year high of $79.18. The business's 50-day moving average is $65.09 and its 200 day moving average is $59.77.

ODDITY Tech (NASDAQ:ODD - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.04. The business had revenue of $241.14 million during the quarter, compared to analyst estimates of $237.44 million. ODDITY Tech had a net margin of 14.65% and a return on equity of 32.17%. The firm's quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter last 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. Equities research analysts forecast that ODDITY Tech will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ODD has been the subject of several recent analyst reports. Bank of America upped their price objective on shares of ODDITY Tech from $68.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. KeyCorp upped their price objective on shares of ODDITY Tech from $65.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of ODDITY Tech from $63.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 3rd. JMP Securities upped their price objective 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. Finally, Needham & Company LLC started coverage on shares of ODDITY Tech in a research report on Thursday, August 28th. They set a "buy" rating and a $72.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, ODDITY Tech has an average rating of "Moderate Buy" and a consensus target price 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.