Nvidia’s results, Tesla’s European sales, Japan trade - what’s moving markets
Y.D. More Investments Ltd, a significant shareholder in Odysight.ai Inc. (NASDAQ:ODYS), recently sold shares in the company amounting to $13,452. The sale comes amid an 8% decline in share price over the past week, with the stock currently trading at $5.86. According to a recent SEC filing, the transaction involved the sale of 2,280 shares at a weighted average price of $5.90 per share, with prices ranging from $5.89 to $5.93.
Post-transaction, Y.D. More Investments Ltd holds 582,052 shares indirectly through More Investment House Portfolio Management Ltd. Additionally, the company has indirect holdings of 460,661 shares via More Provident Funds & Pension Ltd and 723,740 shares through More Mutual Funds Management (2013) Ltd. No transactions were reported for these holdings, as they were included for informational purposes only.
Y.D. More Investments Ltd, through its subsidiaries, manages various investment funds and portfolios, holding economic interests on behalf of public investors. The company and its subsidiaries disclaim beneficial ownership of the securities, except to the extent of their respective pecuniary interests. InvestingPro analysis shows Odysight.ai maintains a strong liquidity position with a current ratio of 6.31, while holding more cash than debt on its balance sheet. Get access to 5 more exclusive ProTips and detailed financial metrics with InvestingPro.
In other recent news, Odysight.ai Inc. successfully completed the exercise of its over-allotment option related to a recent public offering, raising approximately $23.7 million in gross proceeds. The company sold an additional 345,432 shares of common stock at $6.50 per share, bringing the total number of shares sold to 3,653,124. This financial move is expected to bolster Odysight.ai's capital, supporting its ongoing development and potential expansion efforts. The completion of this transaction, detailed in a Form 8-K filing with the Securities and Exchange Commission, reflects investor confidence in Odysight.ai's market position and future prospects. The company, formerly known as ScoutCam Inc. and Intellisense Solutions Inc., is headquartered in Omer, Israel, and has a business presence in Scottsdale, Arizona. These developments provide investors with the latest financial updates on Odysight.ai, as reported in the company's press release and SEC filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.