Short Interest in Ondas Holdings Inc. (NASDAQ:ONDS) Drops By 37.4%

Ondas Holdings Inc. (NASDAQ:ONDS) experienced a notable decline in short interest during January. As of January 15th, the total short interest stood at 3,830,000 shares, reflecting a significant drop of 37.4% from the December 31 total of 6,120,000 shares. Considering the average daily trading volume of 5,490,000 shares, the short-interest ratio is currently at 0.7 days.

Insiders Make Transactions

In related news, Director Randy Seidl sold 21,359 shares of Ondas stock on December 19th, at an average price of $1.29. This sale amounted to $27,553.11, reducing the director's ownership by 14.64%. Following this transaction, he retains 124,513 shares valued at approximately $160,621.77. The details of this sale have been filed with the SEC, and it is accessible for public view. Currently, insiders own 13.90% of the company's stock.

Institutional Investors Active

Several institutional investors and hedge funds have recently adjusted their positions in Ondas. For example, Penbrook Management LLC acquired a new stake during the fourth quarter valued at around $28,000. Meanwhile, Koshinski Asset Management Inc. increased its holdings by 15.2%, now owning 37,940 shares worth $97,000 after purchasing an additional 5,000 shares. Wealth Effects LLC also boosted its stake in Ondas by 7.7% in the third quarter, ending up with 168,500 shares valued at $130,000. Diamond Hill Capital Management Inc. raised its holdings by 35.8% during the same quarter, now owning 407,400 shares worth $314,000. Lastly, Geode Capital Management LLC also grew its holdings by 12.8%, acquiring an additional 70,502 shares, which brings its total to 622,595 shares valued at $480,000. Overall, institutional investors now hold 37.73% of Ondas stock.

Analyst Ratings Update

In a recent development, Northland Securities has increased its target price for Ondas from $1.50 to $4.00, assigning the stock an "outperform" rating as of December 30.

Ondas Stock Overview

On Friday, shares of NASDAQ:ONDS rose by $0.06, reaching a price of $1.75. Approximately 3,069,178 shares were traded, while the usual trading volume averages around 8,028,329 shares. The company's 50-day moving average price is $1.74, and the 200-day moving average price is $1.15. With a market capitalization of $135.26 million, Ondas has a price-to-earnings (PE) ratio of -2.43 and a beta of 1.95. The stock is down from a 52-week high of $3.40 and is above a low of $0.54. Financial metrics show a debt-to-equity ratio of 0.02, a current ratio of 0.43, and a quick ratio of 0.21.

In its most recent quarterly earnings report released on November 12, Ondas reported earnings per share of ($0.15), which was below analysts' expectations of ($0.14). The company has also indicated a negative return on equity of 183.49%, alongside a negative net margin of 544.24%. Revenue for the quarter reached $1.48 million, surpassing the consensus estimate of $1.32 million. Historically, in the same quarter last year, Ondas reported earnings per share of ($0.15). Analysts project that the company will see an EPS of -0.53 for the current fiscal year.

Company Background

Ondas Holdings Inc, through its subsidiaries, provides innovative private wireless, drone, and automated data solutions. Its operations are divided into two main segments: Ondas Networks and Ondas Autonomous Systems. The company notably designs and manufactures the FullMAX platform, a software-defined radio (SDR) solution aimed at enhancing broadband connectivity across wide areas.

Further Exploration

• Five stocks we like better than Ondas
• How to Profit From Growth Investing
• Nebius Group: Market Overreaction or Real AI Disruption?
• Dividend Capture Strategy: What You Need to Know
• The Best Way to Invest in Gold Is...
• About the S&P/TSX Index
• Why Nike Stock Could Be 2025’s Top Comeback Play

stocks, investors, analysis