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

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 154,559 shares, an increase of 48.3% from the December 15th total of 104,226 shares. Based on an average daily volume of 113,208 shares, the short-interest ratio is currently 1.4 days. Currently, 3.7% of the shares of the stock are sold short. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily volume of 113,208 shares, the short-interest ratio is currently 1.4 days.

Foresight Autonomous Holdings Ltd. American Depositary Shares Price Performance

Shares of FRSX traded down $0.01 during mid-day trading on Friday, reaching $1.40. 21,754 shares of the company’s stock were exchanged, compared to its average volume of 89,673. The stock has a market capitalization of $6.59 million, a PE ratio of -0.19 and a beta of 0.49. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 52-week low of $1.26 and a 52-week high of $10.29. The business’s fifty day simple moving average is $1.77 and its 200-day simple moving average is $2.30.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Foresight Autonomous Holdings Ltd. American Depositary Shares

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.