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

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 53,844 shares, a decline of 20.2% from the March 31st total of 67,496 shares. Based on an average trading volume of 11,410 shares, the days-to-cover ratio is presently 4.7 days. Approximately 3.7% of the shares of the stock are short sold.

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 bought a new stake in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares accounts for 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 22nd biggest position. Yorkville Advisors Global LP owned 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares at the end of the most recent quarter. 23.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Performance

Shares of NASDAQ FRSX traded down $0.04 during trading on Friday, hitting $2.04. The company had a trading volume of 15,641 shares, compared to its average volume of 77,831. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 52 week low of $1.94 and a 52 week high of $15.96. The business’s 50-day moving average is $2.41 and its 200 day moving average is $4.13. The company has a market cap of $3.30 million, a P/E ratio of -0.09 and a beta of 0.66.

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) last released its quarterly earnings data on Wednesday, March 25th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($3.33) by $3.31. The company had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.13 million.

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.