Odysight.ai Inc. (NASDAQ:ODYS) Shares Shorted: Short Interest Down 41.2% in October

Odysight.ai Inc. (NASDAQ:ODYS) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,349 shares, a drop of 41.2% from the September 30th total of 12,496 shares. Based on an average daily volume of 72,828 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Benchmark reissued a “buy” rating on shares of Odysight.ai in a report on Monday, August 17th. Chardan Capital raised shares of Odysight.ai to a “strong-buy” rating in a report on Wednesday, August 26th. Zacks Research raised Odysight.ai to a “hold” rating in a report on Friday, August 28th. Finally, Weiss Ratings raised Odysight.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.57.

Odysight.ai Stock Performance

Shares of ODYS traded up $0.11 during mid-day trading on Friday, hitting $1.96. 1,097 shares of the company traded hands, compared to its average volume of 58,384. Odysight.ai has a 1 year low of $1.85 and a 1 year high of $11.30. The stock has a market cap of $39.67 million, a price-to-earnings ratio of -1.77 and a beta of -0.48. The stock has a 50-day moving average price of $2.94 and a two-hundred day moving average price of $4.50.

Odysight.ai (NASDAQ:ODYS) last announced its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share 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. On average, analysts forecast that Odysight.ai will post -1.12 EPS for the current year.

Insider Buying and Selling

In other Odysight.ai news, Director Zeev Vurembrand acquired 31,250 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average cost of $3.20 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Benad Goldwasser bought 46,875 shares of Odysight.ai stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $3.20 per share, for a total transaction of $150,000.00. Following the acquisition, the director owned 121,875 shares of the company’s stock, valued at $390,000. This represents a 62.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 46.90% of the company’s stock.

Odysight.ai Company Profile

Odysight.ai is a technology company focused on visual monitoring, inspection and predictive-maintenance solutions for mission-critical equipment. Its systems combine miniature camera technology, sensors and software designed to capture visual data from locations that may be difficult or impractical for conventional inspection methods to access.

The company’s products are intended to help customers identify equipment wear, damage and operating anomalies at an early stage. Odysight.ai’s applications have been associated with aerospace, industrial machinery, automotive and medical-device environments, where remote or continuous visual monitoring can support maintenance, reliability and operational efficiency.

The company was formerly known as ScoutCam and developed its technology around compact video-imaging systems and related analytics.