Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Sees Significant Growth in Short Interest

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 93,885 shares, an increase of 62.8% from the May 14th total of 57,667 shares. Based on an average daily volume of 106,815 shares, the days-to-cover ratio is presently 0.9 days. Approximately 6.5% of the shares of the stock are short sold.

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 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 disclosure with the Securities and 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 makes up 0.1% of Yorkville Advisors Global LP’s holdings, making the stock its 22nd biggest holding. Yorkville Advisors Global LP owned approximately 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent SEC filing. Hedge funds and other institutional investors own 23.45% of the company’s stock.

Foresight Autonomous Holdings Ltd. American Depositary Shares Trading Up 3.2%

FRSX opened at $1.62 on Tuesday. The stock has a market capitalization of $2.62 million, a PE ratio of -0.07 and a beta of 0.66. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 1-year low of $1.22 and a 1-year high of $12.39. The firm has a 50-day moving average price of $2.05 and a two-hundred day moving average price of $3.08.

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) last announced its earnings results on Wednesday, March 25th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.