Ondas Holdings Inc. (NASDAQ:ONDS) Short Interest Up 42.6% in February

Ondas Holdings Inc. (NASDAQ:ONDS) was the target of a significant growth in short interest in 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 daily volume of 6,440,000 shares, the days-to-cover ratio is currently 0.6 days.

Insiders Place Their Bets

In other news, Director Randy Seidl sold 21,359 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was 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 in the company, valued at approximately $160,621.77. The trade was a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ondas

A number of large investors have recently bought and sold shares of ONDS. Diamond Hill Capital Management Inc. boosted its position in Ondas by 35.8% in the third quarter. Diamond Hill Capital Management Inc. now owns 407,400 shares of the company’s stock valued at $314,000 after buying an additional 107,400 shares during the last quarter. Geode Capital Management LLC boosted its position in Ondas by 12.8% in the third quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock valued at $480,000 after buying an additional 70,502 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in Ondas by 15.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 37,940 shares of the company’s stock valued at $97,000 after buying an additional 5,000 shares during the last quarter. Wealth Effects LLC boosted its position in Ondas by 23.4% in the fourth quarter. Wealth Effects LLC now owns 207,900 shares of the company’s stock valued at $532,000 after buying an additional 39,400 shares during the last quarter. Finally, Penbrook Management LLC purchased a new stake in Ondas in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ondas Stock Up 2.2 %

Shares of ONDS stock traded up $0.02 during trading hours on Tuesday, reaching $0.87. 2,523,957 shares of the company’s stock were exchanged, compared to its average volume of 1,912,315. Ondas has a 1 year low of $0.54 and a 1 year high of $3.40. The stock has a market cap of $79.53 million, a PE ratio of -1.21 and a beta of 1.89. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $1.92 and its two-hundred day moving average price is $1.25.

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.