Odysight.ai Inc. (NASDAQ:ODYS) Shares Shorted: Short Interest Down 42.8% in September

Odysight.ai Inc. (NASDAQ:ODYS) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 12,880 shares, a decline of 42.8% from the August 31st total of 22,517 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 47,444 shares, the short-interest ratio is currently 0.3 days.

Odysight.ai Trading Up 1.3%

ODYS traded up $0.04 on Wednesday, reaching $3.04. The stock had a trading volume of 12,204 shares, compared to its average volume of 27,646. The business’s 50-day moving average price is $3.76 and its two-hundred day moving average price is $4.60. The company has a market cap of $61.53 million, a P/E ratio of -2.74 and a beta of -0.55. Odysight.ai has a 12-month low of $2.60 and a 12-month high of $11.30.

Odysight.ai (NASDAQ:ODYS) last announced its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share (EPS) for the quarter. Odysight.ai had a negative net margin of 1,669.72% and a negative return on equity of 78.20%. The firm had revenue of $0.42 million during the quarter. As a group, analysts predict that Odysight.ai will post -1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

ODYS has been the subject of several recent research reports. Benchmark reissued a “buy” rating on shares of Odysight.ai in a research note on Monday, August 17th. Zacks Research upgraded Odysight.ai to a “hold” rating in a report on Friday, August 28th. Weiss Ratings upgraded shares of Odysight.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 25th. Chardan Capital raised Odysight.ai to a “strong-buy” rating in a report on Wednesday, August 26th. Finally, Morgan Stanley raised Odysight.ai to an “overweight” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Odysight.ai has an average rating of “Moderate Buy” and an average price target of $8.57.

Insider Transactions at Odysight.ai

In other news, Director Zeev Vurembrand bought 31,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $3.20 per share, with a total value of $100,000.00. Following the completion of the transaction, the director directly owned 46,250 shares of the company’s stock, valued at approximately $148,000. The trade was a 208.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benad Goldwasser bought 46,875 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of $3.20 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director directly owned 121,875 shares in the company, valued at approximately $390,000. This represents a 62.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 46.90% of the company’s stock.

About Odysight.ai

Odysight.ai Ltd. (NASDAQ: ODYS) is a technology company that develops artificial intelligence and computer-vision solutions for monitoring equipment and detecting potential failures. Its technology is designed to analyze visual data from hard-to-access components and provide insights that can support predictive maintenance, inspection and operational decision-making.

The company’s products combine miniature visual sensing systems, cameras, data processing and AI-based analytics. These solutions are intended for applications in industries such as aerospace, automotive and industrial machinery, where early identification of wear, damage or abnormal operating conditions can help improve reliability and reduce unplanned downtime.

Odysight.ai was formerly known as ScoutCam Inc and has roots in Israel’s technology sector.