Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Stock Short Interest Jumps 68.9%

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 6,007 shares, an increase of 68.9% from the August 31st total of 3,556 shares. Based on an average trading volume of 14,640 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Foresight Autonomous Holdings Ltd. American Depositary Shares

A hedge fund recently bought a new position in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP acquired a new stake in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares accounts for approximately 0.1% of Yorkville Advisors Global LP’s holdings, making the stock its 22nd largest holding. Yorkville Advisors Global LP owned 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent SEC filing. 23.45% of the stock is owned by institutional investors.

Foresight Autonomous Holdings Ltd. American Depositary Shares Trading Down 1.8%

Shares of NASDAQ FRSX traded down $0.02 on Thursday, reaching $1.07. 9,254 shares of the company traded hands, compared to its average volume of 452,170. The stock has a market capitalization of $1.73 million, a PE ratio of -0.06 and a beta of 0.68. Foresight Autonomous Holdings Ltd. American Depositary Shares has a fifty-two week low of $1.03 and a fifty-two week high of $7.95. The company has a 50 day moving average of $1.20 and a 200 day moving average of $1.71.

About Foresight Autonomous Holdings Ltd. American Depositary Shares

Foresight Autonomous Holdings Ltd. is an Israeli technology company that develops computer-vision and accident-prevention systems for the automotive and smart-mobility markets. The company focuses on combining cameras, advanced image processing and artificial intelligence to help vehicles detect objects, understand their surroundings and reduce the risk of collisions.

Foresight’s product portfolio has included QuadSight, a 3D vision system designed to provide vehicle perception in challenging conditions such as darkness, glare, fog and poor visibility.