OneSpan Inc. (NASDAQ:OSPN) Short Interest Update

OneSpan Inc. (NASDAQ:OSPN - Get Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,490,000 shares, a growth of 35.5% from the January 31st total of 1,100,000 shares. Currently, 4.2% of the company's shares are sold short. Based on an average daily volume of 396,200 shares, the days-to-cover ratio is presently 3.8 days.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Rosenblatt Securities raised their price target on OneSpan from $18.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. StockNews.com cut shares of OneSpan from a "strong-buy" rating to a "buy" rating in a research report on Monday. One investment 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 presently has a consensus rating of "Moderate Buy" and an average price target of $17.63.

OneSpan Stock Performance

OneSpan stock traded up $0.25 during midday trading on Friday, reaching $16.72. The stock had a trading volume of 310,992 shares, compared to its average volume of 408,754. The stock has a market capitalization of $638.30 million, a PE ratio of 22.59 and a beta of 0.83. The stock's 50-day simple moving average is $18.59 and its 200 day simple moving average is $17.27. OneSpan has a twelve month low of $9.22 and a twelve month high of $20.37.

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OneSpan Dividend Announcement

The firm also recently announced 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 was Friday, January 31st. OneSpan's dividend payout ratio (DPR) is presently 33.10%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Barclays PLC increased its position in shares of OneSpan by 388.5% in the third quarter. Barclays PLC now owns 66,719 shares of the company's stock worth $1,113,000 after acquiring an additional 53,060 shares in the last quarter. 272 Capital LP acquired a new stake in OneSpan in the 3rd quarter valued at $1,659,000. Charles Schwab Investment Management Inc. raised its position in OneSpan by 16.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 333,174 shares of the company's stock valued at $5,554,000 after purchasing an additional 48,146 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of OneSpan by 46.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 495,210 shares of the company's stock worth $9,181,000 after purchasing an additional 157,387 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of OneSpan by 177.5% during the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock worth $18,450,000 after purchasing an additional 708,020 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company's stock.

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.