Short Interest in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Increases By 5.8%

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 170,500 shares, a growth of 5.8% from the August 31st total of 161,200 shares. Based on an average daily volume of 52,400 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Investors Weigh In On Foresight Autonomous

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd purchased a new position in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous comprises about 0.1% of Altshuler Shaham Ltd’s holdings, making the stock its 26th biggest holding. Altshuler Shaham Ltd owned 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 opened at $0.71 on Wednesday. Foresight Autonomous has a 12-month low of $0.63 and a 12-month high of $2.15. The company has a fifty day simple moving average of $0.78 and a two-hundred day simple moving average of $0.98.

Foresight Autonomous (NASDAQ:FRSX) last issued its earnings results on Friday, August 9th. The company reported ($0.30) earnings per share (EPS) for the quarter. The firm had revenue of $0.12 million during the quarter. Foresight Autonomous had a negative return on equity of 86.89% and a negative net margin of 1,871.62%.

Foresight Autonomous Company Profile

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.