OneSpan Inc. (NASDAQ:OSPN) Short Interest Update

OneSpan Inc. (NASDAQ:OSPN) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,100,000 shares, a decline of 16.7% from the January 15th total of 1,320,000 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average trading volume of 385,400 shares, the short-interest ratio is currently 2.9 days.

OneSpan Stock Performance

Shares of NASDAQ:OSPN opened at $20.20 on Friday. OneSpan has a 52-week low of $9.22 and a 52-week high of $20.37. The firm has a market capitalization of $767.42 million, a P/E ratio of 27.30 and a beta of 0.77. The stock has a 50 day moving average price of $18.95 and a 200-day moving average price of $17.06.

OneSpan Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, January 31st. OneSpan’s dividend payout ratio is currently 64.86%.

Insider Activity

In other news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the sale, the director now owns 20,849 shares of the company’s stock, valued at approximately $385,914.99. The trade was a 71.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. raised its position in shares of OneSpan by 6.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock worth $231,000 after acquiring an additional 884 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in shares of OneSpan by 0.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 246,058 shares of the company’s stock worth $4,562,000 after acquiring an additional 900 shares in the last quarter. Baader Bank Aktiengesellschaft grew its stake in shares of OneSpan by 8.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 20,700 shares of the company’s stock worth $384,000 after buying an additional 1,700 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of OneSpan by 9.5% in the 4th quarter. Principal Financial Group Inc. now owns 20,488 shares of the company’s stock worth $380,000 after buying an additional 1,780 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of OneSpan in the 4th quarter worth approximately $37,000. Institutional investors own 95.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on OSPN shares. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Rosenblatt Securities upped their price target on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Sidoti raised OneSpan from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $19.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $17.63.

About OneSpan

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.