Ondas Inc (NASDAQ:ONDS) announced a $6.9 million order from the Australian Department of Defence on Monday.
The award covers DTIM Single Operator Counter-sUAS Kits, secured through distributor HIFraser. DZYNE Technologies received the formal order, with counter-UAS operations now managed under the Ondas Sentinel defense division.
The kits integrate long-range detection up to 25 kilometers, Remote ID tracking, AI threat identification, and the Dronebuster (DB4) effector.
"Australia’s investment in Ondas’ DTIM Kits underscores the increasing global priority around counter-UAS readiness and the need for trusted, scalable technologies," said Eric Brock, Chairman and CEO of Ondas. "This award is an important validation of our strategy to build a leading autonomous defense technology platform, combining advanced systems, operational expertise and strong international partnerships to support mission-critical security needs worldwide."
Debora Fortkamp, Chief Strategy Officer at HIFraser, noted, "We are proud to partner with Ondas Sentinel to bring cutting-edge single-operator counter-UAS capability to Australian forces."
Short Interest Metrics
Short interest in Ondas increased from 167.52 million to 197.58 million during the recent reporting period, placing 34.89% of publicly available stock short. Given the daily average volume of 64.80 million, short position holders require 3.05 days to cover.
Ondas reports second quarter earnings on August 11. Analyst estimates project a loss of 6 cents per share and revenue at $65.80 million.
Technical Analysis
From a trend perspective, ONDS is still in repair mode: at $7.08 it’s trading 6.4% below its 20-day SMA ($7.56) and 22.8% below its 50-day SMA ($9.17), which keeps the intermediate trend tilted lower. The bigger picture also remains heavy with the 50-day SMA below the 200-day SMA (a death cross that occurred in July), a backdrop that often turns rallies into "sell-the-rip" tests.
ONDS Price Action: Ondas shares were up 9.83% at $7.54 at the time of publication on Tuesday, according to Benzinga Pro data.
Photo by T. Schneider via Shutterstock
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