Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Short Interest Update

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 58,834 shares, a decrease of 18.3% from the February 26th total of 71,985 shares. Based on an average trading volume of 358,699 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.1% of the shares of the company are sold short.

Foresight Autonomous Holdings Ltd. American Depositary Shares Price Performance

Shares of Foresight Autonomous Holdings Ltd. American Depositary Shares stock traded down $0.11 during midday trading on Wednesday, hitting $2.38. 6,041 shares of the company were exchanged, compared to its average volume of 246,845. The firm has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $4.76. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 52 week low of $2.05 and a 52 week high of $15.96. The firm has a market cap of $3.86 million, a P/E ratio of -0.11 and a beta of 0.73.

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) last issued its 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 during the quarter, compared to analyst estimates of $0.13 million.

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 purchased a new position in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares makes up approximately 0.1% of Yorkville Advisors Global LP’s holdings, 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 quarter. Institutional investors own 23.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, the stock presently has an average rating of “Sell”.

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.