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

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSXGet Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 43,777 shares, a drop of 65.4% from the July 30th total of 126,582 shares. Based on an average daily volume of 25,130 shares, the short-interest ratio is presently 1.7 days. Currently, 3.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Get Our Latest Stock Report on Foresight Autonomous Holdings Ltd. American Depositary Shares

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Down 2.6%

FRSX opened at $1.12 on Friday. The stock’s fifty day moving average is $1.43 and its two-hundred day moving average is $1.96. The company has a market capitalization of $1.82 million, a P/E ratio of -0.07 and a beta of 0.69. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 52 week low of $1.06 and a 52 week high of $7.95.

Institutional Trading of 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 bought a new stake in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSXFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares accounts for about 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 22nd largest position. Yorkville Advisors Global LP owned 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares at the end of the most recent reporting period. 23.45% of the stock is owned by institutional investors.

About Foresight Autonomous Holdings Ltd. American Depositary Shares

(Get Free Report)

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.

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