OneSpan Inc. (NASDAQ:OSPN) Sees Large Increase in Short Interest

OneSpan Inc. (NASDAQ:OSPN) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,490,000 shares, an increase of 35.5% from the January 31st total of 1,100,000 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average trading volume of 396,200 shares, the short-interest ratio is currently 3.8 days.

Hedge Funds Weigh In On OneSpan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in shares of OneSpan during the 4th quarter worth $37,000. New York State Teachers Retirement System acquired a new position in shares of OneSpan in the fourth quarter worth approximately $64,000. Covestor Ltd bought a new stake in shares of OneSpan in the 3rd quarter valued at $65,000. Steward Partners Investment Advisory LLC bought a new stake in OneSpan during the fourth quarter valued at $109,000. Finally, State of Tennessee Department of Treasury bought a new stake in shares of OneSpan during the 4th quarter valued at about $147,000. 95.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OSPN has been the topic of several research analyst reports. Rosenblatt Securities increased their price target on shares of OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 16th. StockNews.com cut OneSpan from a “strong-buy” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.63.

OneSpan Trading Up 2.4 %

Shares of NASDAQ OSPN opened at $16.42 on Tuesday. OneSpan has a 12 month low of $9.22 and a 12 month high of $20.36. The company has a market capitalization of $623.81 million, a P/E ratio of 22.19 and a beta of 0.77. The stock has a 50 day moving average of $18.75 and a 200-day moving average of $17.27.

OneSpan Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 31st. OneSpan’s dividend payout ratio is 33.10%.

OneSpan Company Profile

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.