Odysight.ai Inc. (NASDAQ:ODYS) Sees Significant Growth in Short Interest

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 6,194 shares, an increase of 184.7% from the February 12th total of 2,176 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 12,996 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 12,996 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Odysight.ai in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.00.

Insider Activity

In other news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $3.33, for a total transaction of $1,077,065.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 637,923 shares of company stock worth $2,144,643 in the last ninety days. 46.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Odysight.ai

A hedge fund recently raised its stake in Odysight.ai stock. Y.D. More Investments Ltd raised its stake in shares of Odysight.ai Inc. (NASDAQ:ODYS) by 5.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,792,353 shares of the company’s stock after buying an additional 94,530 shares during the period. Odysight.ai comprises about 0.6% of Y.D. More Investments Ltd’s portfolio, making the stock its 25th largest holding. Y.D. More Investments Ltd owned 10.98% of Odysight.ai worth $9,285,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 19.67% of the company’s stock.

Odysight.ai Trading Down 0.5%

Shares of NASDAQ:ODYS traded down $0.03 on Wednesday, hitting $5.86. 28,080 shares of the company were exchanged, compared to its average volume of 30,438. The stock’s 50 day moving average price is $5.00 and its 200 day moving average price is $4.11. Odysight.ai has a 1-year low of $2.60 and a 1-year high of $7.02. The firm has a market capitalization of $95.85 million, a P/E ratio of -5.33 and a beta of 0.44.

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.