Short Interest in Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Declines By 65.4%

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 43,777 shares, a drop of 65.4% from the July 30th total of 126,582 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 25,130 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of 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 acquired 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 Securities & Exchange Commission. The institutional investor acquired 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares accounts for 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 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 Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Foresight Autonomous Holdings Ltd. American Depositary Shares presently has a consensus rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Trading Down 2.6%

FRSX stock traded down $0.03 during midday trading on Friday, hitting $1.12. 21,987 shares of the company’s stock were exchanged, compared to its average volume of 488,654. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 12-month low of $1.06 and a 12-month high of $7.95. The stock has a market capitalization of $1.81 million, a price-to-earnings ratio of -0.07 and a beta of 0.69. The firm has a 50 day moving average price of $1.44 and a 200-day moving average price of $1.96.

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.