Ondas Stock Comes Back Into the Spotlight After 13% Drop; Drone Trade Faces Fresh Challenge
Ondas Inc. shares slipped on Monday as the stock failed to recover from Friday’s sharp drop. Traders are balancing news of fresh defense contracts and a busy order book with worries over high short interest and new questions about stock supply. The Nasdaq-listed defense drone and autonomous systems firm fell 0.5% to $10.38 as of 3:03 p.m. Eastern, MarketBeat data showed. The stock has seen volatility, with short interest at 152.8 million shares as of May 15, about 31.33% of its public float.