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

Ondas Holdings Inc. (NASDAQ:ONDS) was the recipient of 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 presently 0.6 days.

Analyst Ratings Changes

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

Ondas Trading Up 2.2 %

Shares of NASDAQ ONDS traded up $0.02 during trading on Tuesday, hitting $0.87. 2,523,957 shares of the company were exchanged, compared to its average volume of 1,912,315. Ondas has a 12-month low of $0.54 and a 12-month high of $3.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.21 and a current ratio of 0.43. The company has a fifty day moving average price of $1.92 and a 200-day moving average price of $1.25. The firm has a market capitalization of $79.53 million, a PE ratio of -1.21 and a beta of 1.89.

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.90% of the stock is owned by corporate insiders.

Institutional Trading of Ondas

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Heights Capital Management Inc. grew its position in Ondas by 397.6% in the 4th quarter. Heights Capital Management Inc. now owns 4,811,354 shares of the company’s stock valued at $12,317,000 after acquiring an additional 3,844,401 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in Ondas during the fourth quarter worth approximately $3,288,000. Geode Capital Management LLC lifted its stake in Ondas by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 726,165 shares of the company’s stock valued at $1,859,000 after buying an additional 103,570 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Ondas by 50.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 614,291 shares of the company’s stock valued at $1,573,000 after buying an additional 206,891 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Ondas in the fourth quarter valued at approximately $1,050,000. 37.73% of the stock is owned by institutional investors and hedge funds.

Ondas Company Profile

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.