Ondas Holdings Inc. (NASDAQ:ONDS) Sees Large Increase in Short Interest

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Randy Seidl sold 21,359 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $1.29, for a total transaction of $27,553.11. Following the completion of the transaction, the director now owns 124,513 shares of the company’s stock, valued at $160,621.77. This represents a 14.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Ondas

Hedge funds have recently added to or reduced their stakes in the company. Penbrook Management LLC bought a new stake in shares of Ondas in the 4th quarter worth approximately $28,000. Wells Fargo & Company MN increased its stake in Ondas by 119.2% in 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 period. Two Sigma Investments LP purchased a new stake in shares of Ondas during the fourth quarter valued at approximately $31,000. Staley Capital Advisers Inc. purchased a new stake in Ondas during the 4th quarter valued at $32,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Ondas in the 4th quarter worth $46,000. Institutional investors own 37.73% of the company’s stock.

Ondas Stock Down 0.4 %

Shares of ONDS traded down $0.00 during trading hours on Wednesday, reaching $0.87. The stock had a trading volume of 718,884 shares, compared to its average volume of 1,907,822. The company has a market capitalization of $79.23 million, a price-to-earnings ratio of -1.21 and a beta of 2.00. Ondas has a 12 month low of $0.54 and a 12 month high of $3.40. The firm has a 50-day simple moving average of $1.92 and a 200 day simple moving average of $1.25. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02.

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.