New York, July 5, 2026, 10:09 (EDT)
- Ondas Inc. NASDAQ:ONDS ended the session down 6.44% at $7.41 ahead of the July 3 Nasdaq holiday. The stock showed a small move up to $7.45 after hours.
- Trading volume over the past four sessions hit around 315.5 million shares, about 60% of the shares outstanding, according to daily figures and MarketWatch share counts.
- SEC filing from June 26 listed a resale of 3.378 million shares, around 1.1% of last week’s trading volume. Ondas will not get proceeds from the sales.
- Ondas says it has booked more than $150 million in orders so far in Q2. Its IR calendar lists no events ahead.
Ondas Inc. NASDAQ:ONDS 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.
Nasdaq stayed shut on Friday, July 3, for Independence Day observed. Trading is set to start again Monday, with usual hours from 9:30 a.m. to 4 p.m. ET.
| Last U.S. trading day | Price/level move | Reported volume | Read-through |
|---|---|---|---|
| Ondas | dropped 6.44% to close at $7.41 | 87.14 mln shares traded | Selling was focused on the stock |
| Nasdaq Composite | fell 0.80% | — | Weak pressure in tech names |
| S&P 500 | unchanged | — | Index stayed flat |
| Dow Jones Industrial Average | added 1.14% | — | Traders moved to large caps |
Ondas’ newest SEC filing is small from a market perspective. The company registered 3,378,084 shares for resale by some stockholders. It said 3,285,696 of those shares relate to the Omnisys acquisition, and 92,388 to World View, according to its June 26 8-K. Per the prospectus, selling stockholders get the proceeds, not Ondas.
| Flow item | Shares | As % of last week’s volume | As % of shares outstanding |
|---|---|---|---|
| Four-day ONDS trading | 315.5 mln | 100.0% | 60.3% |
| Most recent short interest | 167.5 mln | 53.1% | 32.0% |
| June 26 resale registered | 3.4 mln | 1.1% | 0.6% |
| July 2 turnover | 87.1 mln | 27.6% | 16.7% |
Short interest was 167.52 million shares as of June 15, making up about 32.7% of the float, MarketWatch data show. Fintel also lists 167.52 million and attributes it to Nasdaq. The stock still dropped last week despite the heavy short base. High volume can matter when investors are trying to get out and shorts are already crowded.
The flow of operating news has been strong. Ondas said June 22 it landed over $40 million in June orders for autonomous defense systems, with order activity for Q2 so far topping $150 million. Eric Brock, chairman and CEO, called counter-UAS “an urgent priority” for governments. Oshri Lugassy, co-CEO of Ondas Autonomous Systems, said loitering munition systems are “becoming a major growth area.” Ondas Inc.
Just a day later, Ondas’ Sentrycs division said it’s working with Lockheed Martin NYSE:LMT to put its Cyber-over-RF tech into Lockheed’s Sanctum counter-drone system. Matt Bahnemann, a senior manager at Lockheed, described Sanctum as a “modular, open” counter-UAS system and said bringing in Sentrycs gives more layered response options. Ondas Inc.
Ondas said in June it would buy Cyberhawk in a deal worth around $125 million, paying about 95% in cash. Ondas said Cyberhawk should bring in more than $45 million revenue in the year to March 2027. About 95% of that is expected to be recurring, and the company has a $95 million backlog. Cyberhawk founder and CEO Chris Fleming said both companies were “excited to join forces.” Ondas Inc.
Valuation is tight with slow order conversion to revenue. Ondas had a $3.88 billion market cap at Thursday’s close. Management set a full-year 2026 revenue target of at least $390 million. Pro forma backlog hit $457 million at the end of Q1. That leaves the shares trading at close to 10 times the revenue target and about 8.5 times backlog at the current market cap.
Brock said in May the backlog gave Ondas “strong visibility” on its 2026 goals. Ondas posted Q1 revenue at $50.1 million, up more than 10 times year-over-year. It finished March with $1.48 billion in cash, cash equivalents, restricted cash and short-term investments. Ondas Inc.
Ondas doesn’t list any events on its IR calendar for this week. The focus now is the tape. Traders are watching if Monday’s volume drops closer to the 65-day average of 67.98 million shares. Any new filings could alter the pattern on orders, deals, or share count.
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