Ondas Holdings Inc. (NASDAQ:ONDS) Short Interest Update

Ondas Holdings Inc. (NASDAQ:ONDS) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 14,490,000 shares, a growth of 384.6% from the February 28th total of 2,990,000 shares. Currently, 21.8% of the shares of the stock are sold short. Based on an average daily volume of 7,740,000 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently made changes to their positions in ONDS. Koshinski Asset Management Inc. raised its position in Ondas by 15.2% in the 4th quarter. Koshinski Asset Management Inc. now owns 37,940 shares of the company’s stock worth $97,000 after purchasing an additional 5,000 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Ondas by 119.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,400 shares of the company’s stock worth $29,000 after buying an additional 6,200 shares during the period. Penbrook Management LLC bought a new stake in shares of Ondas during the 4th quarter worth approximately $28,000. Two Sigma Investments LP bought a new stake in shares of Ondas during the 4th quarter worth approximately $31,000. Finally, Staley Capital Advisers Inc. purchased a new position in Ondas during the 4th quarter valued at $32,000. Institutional investors own 37.73% of the company’s stock.

Ondas Trading Down 4.6 %

Shares of NASDAQ ONDS opened at $0.85 on Thursday. The stock has a market capitalization of $89.34 million, a P/E ratio of -1.17 and a beta of 2.00. Ondas has a 1-year low of $0.54 and a 1-year high of $3.40. The business’s 50 day moving average is $1.38 and its two-hundred day moving average is $1.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.43 and a quick ratio of 0.21.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Wednesday, March 12th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $4.13 million for the quarter, compared to analysts’ expectations of $5.75 million. Ondas had a negative net margin of 544.24% and a negative return on equity of 183.49%. As a group, research analysts expect that Ondas will post -0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Northland Securities lifted their price objective on shares of Ondas from $1.50 to $4.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th.

Ondas Company Profile

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.