Ondas Stock’s $58 Million DZYNE Gap Puts 85 Million New Shares in Focus

Ondas Inc. heads into Monday facing bigger flow problems than last week’s resale filing. Shares fell 5.36% in the past five days, while weekly volume hit 315.5 million shares during the holiday-shortened period. That’s nearly 1.9 times its latest short interest and around 60% of outstanding shares. Investors aren’t just watching the drone-defense news—the stock is trading like a packed book.

Ondas Inc. is showing up as another crowded short-interest play early Thursday, alongside its reputation as a defense-drone stock. Shares dropped 3.88% Wednesday, ending at $7.92, after ranging from $7.85 to $8.44. The stock was last at $7.96 in premarket trade, up 0.51% at 5:55 a.m. EDT, ahead of the regular Nasdaq open. Nasdaq lists normal hours as 9:30 a.m. to 4 p.m. Eastern, with U.S. markets set to close on Friday, July 3, for the Independence Day holiday.

Ondas Inc. traded higher Friday, with the move coming as the stock prepared for a new resale-share filing on top of being set to join a Russell index. The flow issue was notable, outweighing the headline gain in the shares during intraday action.