Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Sees Significant Drop in Short Interest

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 208,784 shares, a decline of 40.5% from the January 29th total of 350,624 shares. Based on an average daily volume of 117,143 shares, the short-interest ratio is presently 1.8 days. Currently, 4.8% of the shares of the company are sold short. Currently, 4.8% of the shares of the company are sold short. Based on an average daily volume of 117,143 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On Foresight Autonomous Holdings Ltd. American Depositary Shares

An institutional investor recently bought a new position in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP purchased a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares accounts for approximately 0.1% of Yorkville Advisors Global LP’s holdings, making the stock its 22nd largest position. Yorkville Advisors Global LP owned 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent SEC filing. Institutional investors and hedge funds own 23.45% of the company’s stock.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Down 4.7%

Shares of NASDAQ FRSX traded down $0.13 during midday trading on Friday, hitting $2.65. The stock had a trading volume of 62,821 shares, compared to its average volume of 36,307. The stock has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $5.54. The company has a market capitalization of $4.29 million, a PE ratio of -0.36 and a beta of 0.70. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 1 year low of $2.33 and a 1 year high of $17.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Company Profile

Foresight Autonomous Holdings Ltd. is an Israel‐based technology company specializing in advanced vision and sensing systems for driver assistance and autonomous vehicles. Incorporated in Israel, the company was established to address the growing demand for vision‐first safety solutions within the automotive industry.

Foresight markets two core product lines: a stereo‐camera platform that uses depth perception and image segmentation to detect pedestrians, vehicles and obstacles in real time, and iDAR, an “intelligent detection and ranging” system that blends LiDAR‐style distance measurement with software-driven image analysis.