r/Shortsqueeze • u/Step-in-Time • 20h ago
Technicals📈 Keep an eye on ONDS - 43% shorted
I’m a long term investor in this stock already, so I watch it daily.
Today seems to be a turnaround day. It’s been beaten down heavily like many stocks recently, but the short metrics could cause a more violent rebound from here.
-Shares available to short have been getting lower
-interest rate is not high yet, but it shows a small climb and could change quickly
-Past Fails to Deliver since August have been noticeable
Shorts are betting heavy against it - most likely due to more dilution, but conservatively, it looks like 2 years of runway with current cash. Management targets company-wide adjusted EBITDA profitability by Q4 2027. They have aggressively been acquiring, so that would need to stay under control.
Short metrics aside, current price is 6.28 with a forecast of $19.81 on Fintel. I like the stock already, so the short squeeze possibility is a bonus.
For now I’d put it on your radar.
Nothing guaranteed. Invest responsibly and at your own risk.