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

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

Foresight Autonomous Trading Up 2.8 %

FRSX traded up $0.04 during trading on Thursday, reaching $1.46. The stock had a trading volume of 397,090 shares, compared to its average volume of 427,695. The stock’s 50 day moving average is $1.00 and its two-hundred day moving average is $0.86. The company has a market capitalization of $15.81 million, a price-to-earnings ratio of -1.43 and a beta of 1.43. Foresight Autonomous has a one year low of $0.57 and a one year high of $2.63.

Institutional Investors Weigh In On Foresight Autonomous

A hedge fund recently bought a new stake in Foresight Autonomous stock. Altshuler Shaham Ltd acquired a new position in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous accounts for 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 26th largest position. Altshuler Shaham Ltd owned about 27.23% of Foresight Autonomous at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.45% of the company’s stock.

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.