OneSpan Inc. (NASDAQ:OSPN) Short Interest Up 21.3% in December

OneSpan Inc. (NASDAQ:OSPN) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,940,000 shares, a growth of 21.3% from the November 30th total of 1,600,000 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average daily trading volume, of 381,600 shares, the short-interest ratio is presently 5.1 days.

Insider Activity at OneSpan

In other OneSpan news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.51, for a total transaction of $981,030.00. Following the completion of the transaction, the director now owns 20,849 shares of the company’s stock, valued at $385,914.99. The trade was a 71.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On OneSpan

Several hedge funds and other institutional investors have recently modified their holdings of the company. Essex Investment Management Co. LLC increased its stake in shares of OneSpan by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company’s stock valued at $4,268,000 after buying an additional 681 shares during the period. Meeder Asset Management Inc. increased its stake in OneSpan by 6.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock valued at $231,000 after purchasing an additional 884 shares in the last quarter. Victory Capital Management Inc. raised its holdings in OneSpan by 2.5% in the 2nd quarter. Victory Capital Management Inc. now owns 58,400 shares of the company’s stock worth $749,000 after acquiring an additional 1,400 shares during the last quarter. Quarry LP raised its stake in shares of OneSpan by 860.4% in the second quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after purchasing an additional 1,936 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in OneSpan by 42.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,395 shares of the company’s stock worth $95,000 after buying an additional 2,215 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Rosenblatt Securities upped their target price on shares of OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Sidoti raised shares of OneSpan from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. Finally, StockNews.com upgraded OneSpan from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, OneSpan has an average rating of “Buy” and a consensus target price of $17.63.

OneSpan Stock Down 1.2 %

Shares of OneSpan stock traded down $0.22 during trading on Tuesday, reaching $18.54. The company’s stock had a trading volume of 229,975 shares, compared to its average volume of 401,434. OneSpan has a 52-week low of $9.22 and a 52-week high of $19.58. The firm’s 50-day moving average is $17.54 and its two-hundred day moving average is $15.65. The company has a market cap of $704.35 million, a price-to-earnings ratio of 25.05 and a beta of 0.77.

OneSpan Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. OneSpan’s dividend payout ratio (DPR) is currently 64.86%.

About OneSpan

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.