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

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 71,985 shares, a drop of 65.5% from the February 12th total of 208,784 shares. Based on an average daily trading volume, of 32,693 shares, the days-to-cover ratio is presently 2.2 days. Currently, 5.0% of the shares of the company are short sold. Currently, 5.0% of the shares of the company are short sold. Based on an average daily trading volume, of 32,693 shares, the days-to-cover ratio is presently 2.2 days.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Down 25.5%

NASDAQ:FRSX traded down $0.70 on Friday, reaching $2.05. 3,488,061 shares of the company’s stock traded hands, compared to its average volume of 33,226. The stock has a 50-day simple moving average of $3.09 and a 200-day simple moving average of $5.19. The firm has a market cap of $3.32 million, a PE ratio of -0.09 and a beta of 0.73. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 12 month low of $2.05 and a 12 month high of $16.38.

Analyst Upgrades and Downgrades

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

Institutional Investors 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) during the 4th 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 makes up about 0.1% of Yorkville Advisors Global LP’s holdings, making the stock its 22nd biggest holding. Yorkville Advisors Global LP owned approximately 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.45% of the company’s stock.

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.