Ondas Holdings Inc. (NASDAQ:ONDS) Short Interest Update

Ondas Holdings Inc. (NASDAQ:ONDS) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 14,490,000 shares, a growth of 384.6% from the February 28th total of 2,990,000 shares. Based on an average trading volume of 7,740,000 shares, the short-interest ratio is presently 1.9 days. Approximately 21.8% of the shares of the company are short sold.

Institutional Investors Weigh In On Ondas

Several hedge funds have recently bought and sold shares of ONDS. Heights Capital Management Inc. raised its position in shares of Ondas by 397.6% during the 4th quarter. Heights Capital Management Inc. now owns 4,811,354 shares of the company’s stock valued at $12,317,000 after buying an additional 3,844,401 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in Ondas during the fourth quarter valued at about $3,288,000. Geode Capital Management LLC lifted its stake in Ondas by 16.6% during the fourth quarter. Geode Capital Management LLC now owns 726,165 shares of the company’s stock worth $1,859,000 after purchasing an additional 103,570 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Ondas by 50.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 614,291 shares of the company’s stock worth $1,573,000 after purchasing an additional 206,891 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Ondas during the 4th quarter valued at about $1,050,000. 37.73% of the stock is currently owned by institutional investors.

Ondas Stock Up 12.0 %

ONDS opened at $1.12 on Friday. The company has a 50 day moving average of $1.34 and a 200 day moving average of $1.24. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. Ondas has a 12 month low of $0.54 and a 12 month high of $3.40. The company has a market cap of $118.42 million, a PE ratio of -1.56 and a beta of 2.00.

Ondas (NASDAQ:ONDS) last issued its earnings results on Wednesday, March 12th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. The company had revenue of $4.13 million during the quarter, compared to the consensus estimate of $5.75 million. On average, sell-side analysts expect that Ondas will post -0.53 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Northland Securities boosted their price objective on Ondas from $1.50 to $4.00 and gave the company an “outperform” rating in a research note on Monday, December 30th.

Ondas Company Profile

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.