On Holding AG (NYSE: ONON) recorded a 29.1% reduction in short interest during January. A report issued February 15, 2026, confirmed total shares held short fell to 15,977,303 as of January 30.
The short-interest ratio currently stands at 3.4 days. Short positions represent approximately 2.5% of the company's total shares.
The decrease in bearish bets suggests rising investor confidence in the stock. Several large institutional investors have reportedly increased their holdings in the company. The stock traded up 2.3% during the preceding Friday session, closing at $45.27.