Short Interest in Ondas Holdings Inc. (NASDAQ:ONDS) Rises By 42.6%

Ondas Holdings Inc. (NASDAQ:ONDS) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 3,750,000 shares, an increase of 42.6% from the January 31st total of 2,630,000 shares. Based on an average daily trading volume, of 6,440,000 shares, the short-interest ratio is currently 0.6 days.

Ondas Stock Performance

Shares of ONDS traded down $0.13 during midday trading on Monday, reaching $0.85. 2,786,855 shares of the stock were exchanged, compared to its average volume of 1,891,992. The company has a market capitalization of $77.80 million, a price-to-earnings ratio of -1.18 and a beta of 1.89. 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 has a twelve month low of $0.54 and a twelve month high of $3.40. The business’s 50-day moving average price is $1.94 and its 200 day moving average price is $1.25.

Analyst Ratings Changes

Separately, Northland Securities lifted their price target 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.

Insider Buying and Selling at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $1.29, for a total transaction of $27,553.11. Following the sale, the director now owns 124,513 shares of the company’s stock, valued at approximately $160,621.77. This trade represents a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Penbrook Management LLC purchased a new position in shares of Ondas during the fourth quarter worth approximately $28,000. Wells Fargo & Company MN grew its position in Ondas by 119.2% during the 4th quarter. Wells Fargo & Company MN now owns 11,400 shares of the company’s stock worth $29,000 after purchasing an additional 6,200 shares during the last quarter. Two Sigma Investments LP acquired a new position in Ondas in the fourth quarter valued at $31,000. Staley Capital Advisers Inc. purchased a new stake in shares of Ondas in the fourth quarter valued at about $32,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Ondas during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

About Ondas

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.