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

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 93,885 shares, an increase of 62.8% from the May 14th total of 57,667 shares. Approximately 6.5% of the company’s shares are sold short. Based on an average daily trading volume, of 106,815 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of 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 Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 22nd biggest holding. Yorkville Advisors Global LP owned 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent SEC filing. 23.45% of the stock is owned by hedge funds and other institutional investors.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Performance

FRSX stock opened at $1.57 on Wednesday. The firm has a market cap of $2.54 million, a PE ratio of -0.07 and a beta of 0.66. The firm’s 50 day moving average price is $2.03 and its 200-day moving average price is $3.04. Foresight Autonomous Holdings Ltd. American Depositary Shares has a one year low of $1.22 and a one year high of $12.39.

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

Analysts Set New Price Targets

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

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.