Short Interest in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Rises By 127.6%

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) was the recipient of a significant increase in short interest in 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 volume of 739,900 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Foresight Autonomous

A hedge fund recently bought a new stake in Foresight Autonomous stock. Altshuler Shaham Ltd purchased a new stake in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous makes up approximately 0.1% of Altshuler Shaham Ltd’s holdings, making the stock its 26th largest holding. Altshuler Shaham Ltd owned about 27.23% of Foresight Autonomous at the end of the most recent reporting period. 23.45% of the stock is currently owned by institutional investors and hedge funds.

Foresight Autonomous Price Performance

NASDAQ:FRSX traded up $0.03 during trading hours on Thursday, reaching $1.45. 411,609 shares of the company were exchanged, compared to its average volume of 429,941. Foresight Autonomous has a 52-week low of $0.57 and a 52-week high of $2.63. The stock has a 50 day simple moving average of $1.00 and a 200 day simple moving average of $0.86. The firm has a market cap of $15.65 million, a price-to-earnings 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.