NasdaqCM:ONDSCommunications
Ondas (ONDS) Faces Short-Seller Scrutiny: Sustainable Strategy or Fragile Acquisition-Driven Growth Story?
In early February 2026, JCapital Research released a critical report on Ondas Holdings, questioning its acquisition-driven business model, reliance on share issuance for funding, and aspects of management governance and financial sustainability.
This scrutiny landed just as Ondas was expanding its defense-focused autonomous systems footprint through the planned acquisition of UK-based Rotron Aero and new government drone contracts.
We’ll now explore how JCapital’s critique of Ondas’...