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 large drop in short interest in the month of March. As of March 13th, there was short interest totaling 58,834 shares, a drop of 18.3% from the February 26th total of 71,985 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 358,699 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

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, Foresight Autonomous Holdings Ltd. American Depositary Shares currently has a consensus rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Up 6.0%

Shares of FRSX traded up $0.14 during mid-day trading on Tuesday, hitting $2.49. 27,237 shares of the company’s stock were exchanged, compared to its average volume of 250,796. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 52 week low of $2.05 and a 52 week high of $15.96. The stock’s 50-day simple moving average is $2.68 and its 200-day simple moving average is $4.79. The firm has a market cap of $4.03 million, a price-to-earnings ratio of -0.11 and a beta of 0.73.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP purchased a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 investment portfolio, making the stock its 22nd biggest holding. Yorkville Advisors Global LP owned about 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares at the end of the most recent reporting period. 23.45% of the stock is currently owned by hedge funds and other institutional investors.

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.