Ondas Holdings and drone-related stocks rose in premarket trading on July 20. A broader sector rally supported the price movement.
The ongoing U.S.-Iran conflict highlights growing demand for unmanned weapons and counter-drone systems. This geopolitical tension also increases investor interest in interceptor technology.
Investors committed nearly $10.7 billion in new long bets to six key drone stocks between mid-January and mid-July. Ondas leads the group in attracting new passive long positioning.
The stock remains a battleground security as bearish bets simultaneously increase. Short sellers are targeting Ondas based on perceived overbought conditions.