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

OneSpan Inc. (NASDAQ:OSPN) was the recipient of a significant increase in short interest in 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. Based on an average daily volume of 396,200 shares, the short-interest ratio is presently 3.8 days. Currently, 4.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OSPN. StockNews.com downgraded shares of OneSpan from a “strong-buy” rating to a “buy” rating in a report on Monday. Rosenblatt Securities lifted their price objective on OneSpan from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on 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 %

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

OneSpan Announces Dividend

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

Institutional Investors Weigh In On OneSpan

A number of hedge funds have recently added to or reduced their stakes in OSPN. Allspring Global Investments Holdings LLC acquired a new stake in OneSpan in the third quarter worth approximately $158,000. Principal Financial Group Inc. purchased a new position in shares of OneSpan during the third quarter valued at $312,000. Covestor Ltd purchased a new position in OneSpan during the 3rd quarter valued at about $65,000. Versor Investments LP acquired a new position in OneSpan in the 3rd quarter valued at approximately $340,000. Finally, Gladius Capital Management LP purchased a new stake in shares of OneSpan during the third quarter worth $335,000. 95.52% of the stock is currently owned by institutional investors.

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.