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

Odysight.ai Inc. (NASDAQ:ODYS) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 280,909 shares, a growth of 10,512.4% from the April 30th total of 2,647 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily volume of 3,571,697 shares, the short-interest ratio is presently 0.1 days.

Odysight.ai Trading Down 4.7%

Shares of ODYS opened at $4.71 on Friday. The stock has a market cap of $79.03 million, a P/E ratio of -4.28 and a beta of -0.52. The company has a 50-day moving average of $5.65 and a two-hundred day moving average of $4.81. Odysight.ai has a 12-month low of $2.60 and a 12-month high of $11.30.

Odysight.ai (NASDAQ:ODYS) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.32) EPS for the quarter. The company had revenue of $0.08 million for the quarter. Odysight.ai had a negative net margin of 1,739.44% and a negative return on equity of 66.30%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ODYS. Benchmark began coverage on Odysight.ai in a report on Monday, March 23rd. They issued a “moderate buy” rating and a $10.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Odysight.ai in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.00.

Institutional Trading of Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd purchased a new position in Odysight.ai Inc. (NASDAQ:ODYS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai comprises approximately 0.1% of Noked Israel Ltd’s holdings, making the stock its 11th largest position. Noked Israel Ltd owned 1.23% of Odysight.ai at the end of the most recent reporting period. 19.67% of the stock is currently owned by institutional investors.

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.