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

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 2,990,000 shares, a decline 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 days-to-cover ratio is presently 0.4 days. Approximately 4.5% of the company's stock are short sold.

Institutional Investors Weigh In On Ondas

Several institutional investors and hedge funds have recently added to or reduced their stakes in ONDS. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 70,502 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of Ondas by 15.2% during the 4th quarter. Koshinski Asset Management Inc. now owns 37,940 shares of the company's stock worth $97,000 after purchasing an additional 5,000 shares during the last quarter. Wealth Effects LLC raised its stake in shares of Ondas by 23.4% during the 4th quarter. Wealth Effects LLC now owns 207,900 shares of the company's stock worth $532,000 after purchasing an additional 39,400 shares in the last quarter. Penbrook Management LLC acquired a new stake in shares of Ondas in the 4th quarter valued at approximately $28,000. Finally, AMH Equity Ltd bought a new position in shares of Ondas in the fourth quarter valued at $952,000. 37.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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Ondas Stock Up 1.4 %

Shares of NASDAQ:ONDS traded up $0.01 during mid-day trading on Friday, reaching $0.70. 1,418,227 shares of the stock were exchanged, compared to its average volume of 2,545,220. The company has a market cap of $74.02 million, a P/E ratio of -0.97 and a beta of 2.00. The stock's 50 day simple moving average is $1.48 and its 200-day simple moving average is $1.24. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. Ondas has a one year low of $0.54 and a one year high of $3.40.

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

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.