Ondas Holdings Inc. (NASDAQ:ONDS) Short Interest Update

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 2,990,000 shares, a drop of 20.3% from the February 13th total of 3,750,000 shares. Based on an average trading volume of 7,570,000 shares, the short-interest ratio is currently 0.4 days. Approximately 4.5% of the company's stock are sold short.

Analyst Ratings Changes

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

Insider Buying and Selling at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 124,513 shares in the company, valued at approximately $160,621.77. This trade represents a 14.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Penbrook Management LLC bought a new stake in Ondas in the 4th quarter worth approximately $28,000. Wells Fargo & Company MN lifted its stake in Ondas by 119.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,400 shares of the company's stock worth $29,000 after acquiring an additional 6,200 shares during the period. Two Sigma Investments LP purchased a new stake in Ondas in the fourth quarter worth $31,000. Staley Capital Advisers Inc. purchased a new stake in Ondas in the fourth quarter worth $32,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Ondas in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 37.73% of the company's stock.

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Ondas Stock Performance

ONDS traded down $0.03 during trading hours on Tuesday, hitting $0.74. The stock had a trading volume of 2,399,346 shares, compared to its average volume of 2,531,796. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. The stock has a market cap of $67.99 million, a PE ratio of -1.03 and a beta of 2.00. Ondas has a 1 year low of $0.54 and a 1 year high of $3.40. The company's fifty day simple moving average is $1.55 and its 200 day simple moving average is $1.25.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). The company had revenue of $4.13 million for the quarter, compared to analysts' expectations of $5.75 million. Ondas had a negative net margin of 544.24% and a negative return on equity of 183.49%. Equities analysts anticipate that Ondas will post -0.53 earnings per share for the current year.

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.