OneSpan Inc. (NASDAQ:OSPN) Short Interest Up 21.3% in December

OneSpan Inc. (NASDAQ:OSPN) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,940,000 shares, an increase of 21.3% from the November 30th total of 1,600,000 shares. Currently, 5.5% of the shares of the company are short sold. Based on an average trading volume of 381,600 shares, the days-to-cover ratio is currently 5.1 days.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OSPN. Sidoti upgraded OneSpan from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $19.00 in a research note on Thursday, October 31st. StockNews.com raised OneSpan from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 4th. Finally, Rosenblatt Securities boosted their price objective on OneSpan from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $17.63.

Insider Buying and Selling at OneSpan

In related news, Director Michael J. Mcconnell sold 53,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 20,849 shares in the company, valued at approximately $385,914.99. The trade was a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OneSpan

Several large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in OneSpan by 1.6% during the third quarter. State Street Corp now owns 1,641,855 shares of the company’s stock valued at $27,370,000 after buying an additional 25,361 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of OneSpan by 177.5% in the third quarter. JPMorgan Chase & Co. now owns 1,106,806 shares of the company’s stock valued at $18,450,000 after purchasing an additional 708,020 shares in the last quarter. Geode Capital Management LLC increased its position in OneSpan by 1.7% in the third quarter. Geode Capital Management LLC now owns 857,474 shares of the company’s stock worth $14,297,000 after purchasing an additional 14,086 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in OneSpan by 14.1% during the third quarter. Segall Bryant & Hamill LLC now owns 755,172 shares of the company’s stock valued at $12,589,000 after purchasing an additional 93,263 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in OneSpan by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 337,823 shares of the company’s stock valued at $5,632,000 after purchasing an additional 179,497 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

OneSpan Price Performance

Shares of OSPN stock traded down $0.22 during mid-day trading on Tuesday, hitting $18.54. The company had a trading volume of 229,975 shares, compared to its average volume of 401,434. The company has a market capitalization of $704.35 million, a P/E ratio of 25.05 and a beta of 0.77. The stock’s 50 day moving average price is $17.54 and its 200-day moving average price is $15.65. OneSpan has a 52-week low of $9.22 and a 52-week high of $19.58.

OneSpan Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. OneSpan’s dividend payout ratio (DPR) is presently 64.86%.

OneSpan Company Profile

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.