Rail Vision Ltd. (NASDAQ:RVSN) Short Interest Update

Rail Vision Ltd. (NASDAQ:RVSN) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,610,000 shares, a drop of 17.9% from the February 13th total of 1,960,000 shares. Currently, 8.7% of the shares of the company are short sold. Based on an average trading volume of 7,260,000 shares, the days-to-cover ratio is currently 0.2 days.

Rail Vision Stock Performance

RVSN traded down $0.00 during trading on Wednesday, hitting $0.48. The stock had a trading volume of 205,188 shares, compared to its average volume of 2,599,356. The firm has a market capitalization of $9.57 million, a P/E ratio of -0.11 and a beta of -1.54. Rail Vision has a twelve month low of $0.38 and a twelve month high of $2.72. The company’s 50-day moving average price is $0.76 and its 200 day moving average price is $0.66.

Hedge Funds Weigh In On Rail Vision

A hedge fund recently bought a new stake in Rail Vision stock. Millennium Management LLC bought a new stake in shares of Rail Vision Ltd. (NASDAQ:RVSN) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 22,089 shares of the company’s stock, valued at approximately $47,000. Millennium Management LLC owned about 0.11% of Rail Vision as of its most recent filing with the SEC. Institutional investors and hedge funds own 12.11% of the company’s stock.

About Rail Vision

Rail Vision Ltd. designs, develops, assembles, and sells railway detection systems for railway operational safety, efficiency, and predictive maintenance in Israel. The company's railway detection systems include various cameras, such as optics, visible light spectrum cameras (video), and thermal cameras that transmit data to a ruggedized on-board computer that is designed to be suitable for the rough environment of a train's locomotive.