Short Interest in Ondas Holdings Inc. (NASDAQ:ONDS) Falls by 37.4%

Ondas Holdings Inc. (NASDAQ:ONDS) experienced a substantial decrease in short interest for January. As of January 15th, the short interest was reported at 3,830,000 shares, reflecting a 37.4% drop from the 6,120,000 shares recorded as of December 31st. With an average trading volume of 5,490,000 shares, this gives Ondas a short-interest ratio of 0.7 days.

Insider Trading Activities

In a related development, Director Randy Seidl executed the sale of 21,359 shares of Ondas Holdings on December 19th, at an average price of $1.29, totaling approximately $27,553. Following this transaction, he now owns 124,513 shares, valued around $160,621.77. This sale represents a 14.64% reduction in his stake in the company, and it has been reported to the SEC. Currently, insiders hold 13.90% of Ondas stock.

Institutional Investors' Movement

Several institutional investors and hedge funds have adjusted their positions in Ondas Holdings recently. For instance, Penbrook Management LLC bought a new stake worth about $28,000 during the fourth quarter. Koshinski Asset Management Inc. expanded its holdings by 15.2%, holding a total of 37,940 shares valued at $97,000 after purchasing an additional 5,000 shares. Wealth Effects LLC also increased its position by 7.7% in the third quarter, now owning 168,500 shares worth $130,000 after adding 12,000 shares. Diamond Hill Capital Management Inc. boosted its holdings by 35.8%, totaling 407,400 shares valued at $314,000 after acquiring an extra 107,400 shares. Lastly, Geode Capital Management LLC increased its stake in Ondas by 12.8%, now totaling 622,595 shares worth approximately $480,000. Notably, institutional investors own 37.73% of the company's stock.

Analyst Recommendations

In early January, Northland Securities raised its target price for Ondas from $1.50 to $4.00, issuing an "outperform" rating on December 30th.

Monitoring Ondas Stock Performance

Recent Stock Activity

During Friday's trading session, shares of NASDAQ:ONDS rose by $0.06 to reach $1.75. The trading volume was 3,069,178 shares, compared to the average volume of 8,028,329. Currently, the company's 50-day moving average price stands at $1.74, while the 200-day moving average is $1.15. Ondas has a market capitalization of $135.26 million, with a PE ratio of -2.43 and a beta of 1.95. The stock has fluctuated between a 52-week low of $0.54 and a high of $3.40. Financial ratios include a debt-to-equity ratio of 0.02, a current ratio of 0.43, and a quick ratio of 0.21.

Ondas Holdings last reported its quarterly earnings on November 12th, posting earnings of ($0.15) per share, falling short of analysts' expectations of ($0.14) by $0.01. The company recorded a negative return on equity of 183.49% and a troubling net margin of 544.24%. Revenue for the quarter was $1.48 million, comfortably exceeding the consensus estimate of $1.32 million. Last year, during the same quarter, Ondas reported earnings of ($0.15) per share. Analysts predict that Ondas will report -0.53 EPS for the ongoing fiscal year.

Company Overview

Ondas Holdings Inc. operates through its subsidiaries to provide solutions related to private wireless, drones, and automated data. The company functions in two segments: Ondas Networks and Ondas Autonomous Systems. Its primary product is FullMAX, a software-defined radio (SDR) platform tailored for expansive broadband networks.

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Investment Consideration

If you are thinking about investing in Ondas, it may be prudent to research thoroughly first. Often, leading analysts identify several stocks they suggest as being better options than Ondas for prospective investors.

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