Ondas Holdings Inc. (NASDAQ:ONDS) Short Interest Down 37.4% in January

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 3,830,000 shares, a decline of 37.4% from the December 31st total of 6,120,000 shares. Based on an average daily volume of 5,490,000 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Ondas news, Director Randy Seidl sold 21,359 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $1.29, for a total transaction of $27,553.11. Following the sale, the director now directly owns 124,513 shares of the company's stock, valued at $160,621.77. The trade was a 14.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 13.90% of the company's stock.

Institutional Trading of Ondas

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Ondas by 12.8% during the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company's stock worth $480,000 after acquiring an additional 70,502 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Ondas by 35.8% in the third quarter. Diamond Hill Capital Management Inc. now owns 407,400 shares of the company's stock valued at $314,000 after purchasing an additional 107,400 shares during the last quarter. Wealth Effects LLC raised its position in shares of Ondas by 23.4% in the fourth quarter. Wealth Effects LLC now owns 207,900 shares of the company's stock valued at $532,000 after purchasing an additional 39,400 shares during the period. Koshinski Asset Management Inc. lifted its stake 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 buying an additional 5,000 shares during the last quarter. Finally, Penbrook Management LLC bought a new stake in shares of Ondas during the 4th quarter worth about $28,000. 37.73% of the stock is owned by institutional investors and hedge funds.

Ondas Stock Up 5.6 %

Shares of NASDAQ:ONDS traded up $0.09 during midday trading on Tuesday, hitting $1.69. The stock had a trading volume of 1,683,190 shares, compared to its average volume of 7,506,849. The company has a market cap of $130.62 million, a P/E ratio of -2.35 and a beta of 1.90. Ondas has a 12 month low of $0.54 and a 12 month high of $3.40. The business's 50-day simple moving average is $1.77 and its 200-day simple moving average is $1.16. 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 (NASDAQ:ONDS - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. The firm had revenue of $1.48 million for the quarter, compared to analyst estimates of $1.32 million. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. On average, sell-side analysts forecast that Ondas will post -0.53 earnings per share for the current fiscal 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.