Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Sees Large Growth in Short Interest

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 640,100 shares, an increase of 127.6% from the December 15th total of 281,300 shares. Based on an average daily trading volume, of 739,900 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Foresight Autonomous

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd acquired a new position in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous accounts for approximately 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 26th biggest holding. Altshuler Shaham Ltd owned about 27.23% of Foresight Autonomous at the end of the most recent quarter. Institutional investors own 23.45% of the company’s stock.

Foresight Autonomous Stock Performance

Shares of FRSX traded up $0.03 during midday trading on Thursday, hitting $1.45. 411,609 shares of the stock traded hands, compared to its average volume of 429,941. Foresight Autonomous has a 1-year low of $0.57 and a 1-year high of $2.63. The business’s 50 day moving average price is $1.00 and its two-hundred day moving average price is $0.86. The firm has a market capitalization of $15.65 million, a PE ratio of -1.42 and a beta of 1.43.

About Foresight Autonomous

Foresight Autonomous Holdings Ltd., a technology company, engages in the development of smart multi-spectral 3D vision software solutions and cellular-based applications for the automotive industry in Israel, Japan, the United States, and internationally. It develops in-line-of-sight vision solutions and beyond-line-of-site accident-prevention solutions.