Short Interest in Odysight.ai Inc. (NASDAQ:ODYS) Declines By 37.9%

Key Points

• Short interest fell 37.9% to 2,264 shares as of March 31, leaving a short-interest ratio of just 0.1 days and effectively 0.0% of the float shorted.
• Noked Israel Ltd established a new position of 200,972 shares (~$904,000), owning about 1.23% of Odysight.ai and contributing to total institutional ownership of 19.67%.
• Analysts are split (one Buy, one Sell) with a consensus Hold and $10 price target; the company trades around $5.46, has a market cap of $89.3M, reported -$0.26 EPS, and very negative margins and ROE on minimal revenue ($0.44M last quarter).

Odysight.ai Inc. (NASDAQ:ODYS - Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 2,264 shares, a decline of 37.9% from the March 15th total of 3,644 shares. Based on an average trading volume of 20,951 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd bought a new position in Odysight.ai Inc. (NASDAQ:ODYS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 200,972 shares of the company's stock, valued at approximately $904,000. Odysight.ai makes up about 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 SEC filing. Institutional investors own 19.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ODYS shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Odysight.ai in a research note on Monday, December 22nd. Benchmark started coverage on shares of Odysight.ai in a research note on Monday, March 23rd. They set a "moderate buy" rating and a $10.00 price objective on the stock. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.00.

Odysight.ai Price Performance

NASDAQ:ODYS traded down $0.52 during mid-day trading on Tuesday, hitting $5.46. 19,331 shares of the company's stock were exchanged, compared to its average volume of 21,256. Odysight.ai has a one year low of $2.60 and a one year high of $7.60. The business has a fifty day moving average price of $5.98 and a 200 day moving average price of $4.56. The company has a market cap of $89.33 million, a PE ratio of -5.10 and a beta of -0.06.

Odysight.ai (NASDAQ:ODYS - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.26) EPS for the quarter. Odysight.ai had a negative return on equity of 55.44% and a negative net margin of 565.01%.The business had revenue of $0.44 million for the quarter.

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.

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