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

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 208,784 shares, a decline of 40.5% from the January 29th total of 350,624 shares. Based on an average daily trading volume, of 117,143 shares, the days-to-cover ratio is currently 1.8 days. Approximately 4.8% of the company’s stock are sold short. Approximately 4.8% of the company’s stock are sold short. Based on an average daily trading volume, of 117,143 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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 stake in Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares comprises 0.1% of Yorkville Advisors Global LP’s portfolio, making the stock its 22nd biggest position. Yorkville Advisors Global LP owned approximately 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.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Down 4.7%

NASDAQ FRSX opened at $2.65 on Friday. The firm’s 50 day moving average is $3.48 and its 200-day moving average is $5.56. The company has a market capitalization of $4.29 million, a PE ratio of -0.36 and a beta of 0.70. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 12-month low of $2.33 and a 12-month high of $17.22.

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.