Ondas Holdings Inc. (NASDAQ:ONDS) Short Interest Up 42.6% in February

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 3,750,000 shares, a growth of 42.6% from the January 31st total of 2,630,000 shares. Based on an average daily volume of 6,440,000 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

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

Ondas Stock Performance

Shares of NASDAQ:ONDS traded up $0.00 during midday trading on Friday, reaching $0.81. The company's stock had a trading volume of 2,414,957 shares, compared to its average volume of 1,930,100. 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 fifty day moving average of $1.86 and a 200 day moving average of $1.25. Ondas has a twelve month low of $0.54 and a twelve month high of $3.40. The firm has a market capitalization of $73.80 million, a PE ratio of -1.12 and a beta of 2.00.

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $1.29, for a total transaction of $27,553.11. Following the transaction, the director now owns 124,513 shares in the company, valued at approximately $160,621.77. This represents a 14.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.90% of the stock is currently owned by insiders.

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Institutional Investors Weigh In On Ondas

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

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.