Ondas Holdings Inc. (NASDAQ:ONDS) Sees Significant Increase in Short Interest

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,100,000 shares, an increase of 18.0% from the April 30th total of 1,780,000 shares. Based on an average daily volume of 215,500 shares, the short-interest ratio is presently 9.7 days.

Ondas Stock Performance

Shares of NASDAQ ONDS opened at $0.72 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.62 and a quick ratio of 0.52. Ondas has a 1 year low of $0.31 and a 1 year high of $2.14. The firm has a 50-day simple moving average of $0.87 and a two-hundred day simple moving average of $1.16.

Ondas (NASDAQ:ONDSGet Free Report) last announced its quarterly earnings data on Monday, April 1st. The company reported ($0.26) earnings per share (EPS) for the quarter. Ondas had a negative return on equity of 108.29% and a negative net margin of 307.07%. The firm had revenue of $4.96 million during the quarter, compared to the consensus estimate of $4.26 million. As a group, research analysts anticipate that Ondas will post -0.5 EPS for the current fiscal year.

Institutional Trading of Ondas

Several institutional investors and hedge funds have recently modified their holdings of ONDS. Vanguard Group Inc. raised its stake in shares of Ondas by 10.4% during the first quarter. Vanguard Group Inc. now owns 2,085,224 shares of the company’s stock valued at $2,023,000 after acquiring an additional 196,568 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Ondas during the fourth quarter valued at approximately $177,000. Ceeto Capital Group LLC raised its stake in shares of Ondas by 35.4% during the first quarter. Ceeto Capital Group LLC now owns 260,000 shares of the company’s stock valued at $252,000 after acquiring an additional 68,000 shares in the last quarter. Cito Capital Group LLC raised its stake in shares of Ondas by 53.8% during the third quarter. Cito Capital Group LLC now owns 100,000 shares of the company’s stock valued at $61,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Ondas during the first quarter valued at approximately $28,000. Institutional investors own 37.73% of the company’s stock.

About Ondas

(Get Free Report)

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.

Read More

Receive News & Ratings for Ondas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ondas and related companies with MarketBeat.com's FREE daily email newsletter.