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

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 58,834 shares, a decrease of 18.3% from the February 26th total of 71,985 shares. Based on an average daily volume of 358,699 shares, the days-to-cover ratio is currently 0.2 days. Currently, 4.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Up 0.4%

Shares of NASDAQ FRSX traded up $0.01 on Monday, reaching $2.41. 50,983 shares of the company’s stock traded hands, compared to its average volume of 254,338. The business’s 50 day simple moving average is $2.72 and its two-hundred day simple moving average is $4.83. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 12 month low of $2.05 and a 12 month high of $15.96. The company has a market cap of $3.91 million, a price-to-earnings ratio of -0.11 and a beta of 0.73.

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) last issued its quarterly earnings results on Thursday, March 26th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($3.33) by $3.31. The company had revenue of $0.06 million during the quarter, compared to the consensus estimate of $0.13 million.

Institutional Investors Weigh In On Foresight Autonomous Holdings Ltd. American Depositary Shares

A hedge fund recently bought a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP purchased a new stake in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares makes up approximately 0.1% of Yorkville Advisors Global LP’s portfolio, making the stock its 22nd biggest position. Yorkville Advisors Global LP owned about 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent SEC filing. 23.45% of the stock is currently owned by institutional investors.

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.