Short Interest in Odysight.ai Inc. (NASDAQ:ODYS) Drops By 33.8%

Odysight.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 4,500 shares, a drop of 33.8% from the August 31st total of 6,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Odysight.ai Stock Performance

Shares of ODYS stock opened at $4.51 on Monday. Odysight.ai has a 52-week low of $3.63 and a 52-week high of $10.80. The firm has a market capitalization of $73.65 million, a P/E ratio of -4.25 and a beta of 0.40. The stock has a 50 day moving average price of $4.11 and a 200 day moving average price of $4.94.

Odysight.ai (NASDAQ:ODYS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $0.36 million for the quarter. Odysight.ai had a negative return on equity of 54.92% and a negative net margin of 293.91%.

Institutional Investors Weigh In On Odysight.ai

A number of institutional investors and hedge funds have recently bought and sold shares of ODYS. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Odysight.ai during the 1st quarter valued at $82,000. Hohimer Wealth Management LLC bought a new stake in Odysight.ai during the 1st quarter valued at $168,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in Odysight.ai during the 1st quarter valued at $1,375,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in Odysight.ai during the 1st quarter valued at $4,383,000. Finally, Y.D. More Investments Ltd raised its position in Odysight.ai by 5.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,792,353 shares of the company's stock valued at $9,285,000 after purchasing an additional 94,530 shares in the last quarter. 19.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (e)" rating on shares of Odysight.ai in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Odysight.ai presently has an average rating of "Hold" and a consensus target price of $10.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.