Ondas Holdings Inc. (NASDAQ:ONDS) Short Interest Down 16.8% in March

Ondas Holdings Inc. (NASDAQ:ONDS) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 1,780,000 shares, a decline of 16.8% from the March 15th total of 2,140,000 shares. Based on an average trading volume of 290,100 shares, the short-interest ratio is currently 6.1 days.

Insider Buying and Selling

In related news, major shareholder Joseph V. Popolo purchased 1,785,714 shares of Ondas stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $1.12 per share, with a total value of $1,999,999.68. Following the transaction, the insider now owns 3,183,244 shares of the company’s stock, valued at approximately $3,565,233.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ondas

Several hedge funds and other institutional investors have recently bought and sold shares of ONDS. Ground Swell Capital LLC acquired a new position in shares of Ondas in the 2nd quarter valued at approximately $25,000. Squarepoint Ops LLC acquired a new position in shares of Ondas in the 4th quarter valued at approximately $39,000. Truist Financial Corp acquired a new position in shares of Ondas in the 4th quarter valued at approximately $43,000. LPL Financial LLC raised its position in shares of Ondas by 30.5% in the 4th quarter. LPL Financial LLC now owns 29,138 shares of the company’s stock valued at $46,000 after purchasing an additional 6,809 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new position in shares of Ondas in the 2nd quarter valued at approximately $47,000. 37.73% of the stock is owned by institutional investors and hedge funds.

Ondas Stock Performance

Ondas stock opened at $0.96 on Friday. The stock’s 50 day moving average price is $1.16 and its 200 day moving average price is $1.08. The firm has a market capitalization of $63.01 million, a PE ratio of -1.08 and a beta of 2.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.60 and a current ratio of 0.66. Ondas has a one year low of $0.31 and a one year high of $2.14.

About Ondas

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.