Onespan Inc (OSPN) Short Interest Down 27.0% in February

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Onespan Inc (NASDAQ:OSPN) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 805,225 shares, a decline of 27.0% from the February 15th total of 1,103,301 shares. Based on an average daily trading volume, of 668,981 shares, the short-interest ratio is currently 1.2 days. Currently, 2.5% of the shares of the stock are sold short.

Shares of OSPN opened at $19.81 on Friday. The stock has a market cap of $812.78 million, a price-to-earnings ratio of 55.03, a price-to-earnings-growth ratio of 4.54 and a beta of 2.09. Onespan has a 12-month low of $11.41 and a 12-month high of $25.45.

Onespan (NASDAQ:OSPN) last announced its earnings results on Thursday, February 21st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. The company had revenue of $64.80 million during the quarter, compared to analysts’ expectations of $59.94 million. Onespan had a net margin of 1.81% and a return on equity of 6.71%. The company’s revenue was up 18.9% on a year-over-year basis. Equities analysts expect that Onespan will post 0.44 EPS for the current year.

A number of analysts recently commented on the stock. ValuEngine raised shares of Onespan from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. Zacks Investment Research cut shares of Onespan from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Sidoti assumed coverage on shares of Onespan in a research report on Monday, December 3rd. They set a “buy” rating for the company. Finally, National Securities assumed coverage on shares of Onespan in a research report on Thursday, January 3rd. They set a “buy” rating for the company. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $20.50.

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in Onespan by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 349,958 shares of the company’s stock worth $4,531,000 after buying an additional 19,947 shares during the period. Dimensional Fund Advisors LP grew its stake in Onespan by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,522,093 shares of the company’s stock worth $19,711,000 after buying an additional 15,311 shares during the period. FMR LLC purchased a new stake in Onespan during the fourth quarter worth approximately $6,108,000. Millennium Management LLC grew its stake in Onespan by 99.0% during the fourth quarter. Millennium Management LLC now owns 44,079 shares of the company’s stock worth $571,000 after buying an additional 21,927 shares during the period. Finally, Ancora Advisors LLC grew its stake in Onespan by 436.3% during the fourth quarter. Ancora Advisors LLC now owns 695,588 shares of the company’s stock worth $9,008,000 after buying an additional 565,896 shares during the period. Institutional investors own 66.13% of the company’s stock.

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Onespan Company Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. It enables financial institutions and other organizations to succeed by making bold advances in their digital transformation. The company offers DIGIPASS software authenticators that balance the need for stronger mobile application security; DIGIPASS for Apps, a software development kit, which allows application developers to natively integrate security features; DIGIPASS for Mobile, a mobile authenticator that operates as a discrete mobile application; IDENTIKEY Risk Manager, an anti-fraud solution; and application shielding with runtime application self-protection that neutralizes the threat of attacks on mobile apps.

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