OneSpan Inc. (NASDAQ:OSPN) Short Interest Update

OneSpan Inc. (NASDAQ:OSPN - Get Free Report) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,320,000 shares, a drop of 32.0% from the December 15th total of 1,940,000 shares. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily volume of 375,200 shares, the days-to-cover ratio is currently 3.5 days.

OneSpan Price Performance

NASDAQ OSPN traded up $0.33 on Wednesday, hitting $19.16. 296,681 shares of the stock were exchanged, compared to its average volume of 302,476. The company's 50-day moving average price is $18.26 and its two-hundred day moving average price is $16.11. OneSpan has a 52-week low of $9.22 and a 52-week high of $19.58. The company has a market capitalization of $727.91 million, a price-to-earnings ratio of 25.89 and a beta of 0.77.

OneSpan Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, January 31st. OneSpan's dividend payout ratio is 64.86%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of OneSpan from a "buy" rating to a "strong-buy" rating in a research report on Monday, November 4th. Sidoti upgraded OneSpan from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $14.00 to $19.00 in a report on Thursday, October 31st. Finally, Rosenblatt Securities upped their target price on OneSpan from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, OneSpan presently has a consensus rating of "Buy" and a consensus price target of $17.63.

Insider Activity

In other news, Director Michael J. Mcconnell sold 53,000 shares of OneSpan stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total value of $981,030.00. Following the transaction, the director now owns 20,849 shares of the company's stock, valued at $385,914.99. The trade was a 71.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OSPN. JPMorgan Chase & Co. increased its holdings in shares of OneSpan by 177.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company's stock valued at $18,450,000 after purchasing an additional 708,020 shares during the period. AQR Capital Management LLC grew its position in OneSpan by 242.0% during the second quarter. AQR Capital Management LLC now owns 320,259 shares of the company's stock valued at $4,106,000 after purchasing an additional 226,604 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in OneSpan by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company's stock valued at $5,632,000 after buying an additional 179,497 shares during the period. 272 Capital LP purchased a new stake in OneSpan in the 3rd quarter worth approximately $1,659,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of OneSpan by 14.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company's stock valued at $12,589,000 after buying an additional 93,263 shares during the period. 95.52% of the stock is owned by institutional investors and hedge funds.

OneSpan Company Profile

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.