Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Shares Shorted: Short Interest Up 68.9% in September

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,007 shares, an increase of 68.9% from the August 31st total of 3,556 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 14,640 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds 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 bought a new position in Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares makes up 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 23.45% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, According to MarketBeat, Foresight Autonomous Holdings Ltd. American Depositary Shares has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Price Performance

Foresight Autonomous Holdings Ltd. American Depositary Shares stock traded down $0.07 during midday trading on Wednesday, reaching $1.08. The company’s stock had a trading volume of 8,778 shares, compared to its average volume of 454,461. The stock has a market capitalization of $1.75 million, a P/E ratio of -0.06 and a beta of 0.68. The stock’s 50-day simple moving average is $1.21 and its 200-day simple moving average is $1.72. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 52-week low of $1.03 and a 52-week high of $7.95.

Foresight Autonomous Holdings Ltd. American Depositary Shares Company Profile

Foresight Autonomous Holdings Ltd. is an Israeli technology company that develops computer-vision and accident-prevention systems for the automotive and smart-mobility markets. The company focuses on combining cameras, advanced image processing and artificial intelligence to help vehicles detect objects, understand their surroundings and reduce the risk of collisions.

Foresight’s product portfolio has included QuadSight, a 3D vision system designed to provide vehicle perception in challenging conditions such as darkness, glare, fog and poor visibility.