OneSpan Inc. (NASDAQ:OSPN) Short Interest Down 32.0% in December

by · The Markets Daily

OneSpan Inc. (NASDAQ:OSPN – Get Free Report) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,320,000 shares, a decrease of 32.0% from the December 15th total of 1,940,000 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average daily volume of 375,200 shares, the short-interest ratio is currently 3.5 days.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on OneSpan

Insider Transactions at OneSpan

In other news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.51, for a total transaction of $981,030.00. Following the transaction, the director now directly owns 20,849 shares in the company, valued at $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 available at this link. 0.90% of the stock is owned by insiders.

Hedge Funds Weigh In On OneSpan

A number of institutional investors have recently modified their holdings of the company. Essex Investment Management Co. LLC grew its stake in OneSpan by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 256,029 shares of the company’s stock valued at $4,268,000 after buying an additional 681 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in OneSpan by 6.8% during the third quarter. Meeder Asset Management Inc. now owns 13,867 shares of the company’s stock valued at $231,000 after acquiring an additional 884 shares during the period. Victory Capital Management Inc. grew its position in shares of OneSpan by 2.5% in the second quarter. Victory Capital Management Inc. now owns 58,400 shares of the company’s stock valued at $749,000 after purchasing an additional 1,400 shares during the last quarter. Quarry LP increased its stake in shares of OneSpan by 860.4% in the second quarter. Quarry LP now owns 2,161 shares of the company’s stock worth $28,000 after purchasing an additional 1,936 shares during the period. Finally, Quest Partners LLC lifted its position in shares of OneSpan by 2,952.6% during the 2nd quarter. Quest Partners LLC now owns 2,381 shares of the company’s stock worth $31,000 after purchasing an additional 2,303 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

OneSpan Trading Down 0.7 %

NASDAQ OSPN traded down $0.14 during trading on Friday, hitting $18.93. 394,682 shares of the company traded hands, compared to its average volume of 306,635. The company has a market capitalization of $719.15 million, a P/E ratio of 25.58 and a beta of 0.77. The business has a fifty day simple moving average of $18.36 and a 200 day simple moving average of $16.19. OneSpan has a 12 month low of $9.22 and a 12 month high of $19.58.

OneSpan Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st.

About OneSpan

(Get Free Report)

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.

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