Short Interest in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Grows 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 trading volume, of 739,900 shares, the days-to-cover ratio is currently 0.9 days.

Foresight Autonomous Stock Up 4.0 %

NASDAQ:FRSX traded up $0.05 during midday trading on Tuesday, hitting $1.30. The stock had a trading volume of 259,123 shares, compared to its average volume of 466,914. Foresight Autonomous has a one year low of $0.57 and a one year high of $2.63. The company has a market capitalization of $14.07 million, a price-to-earnings ratio of -1.27 and a beta of 1.43. The stock has a 50-day moving average of $1.00 and a 200 day moving average of $0.86.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd bought a new stake in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous makes up about 0.1% of Altshuler Shaham Ltd’s portfolio, making the stock its 26th biggest position. Altshuler Shaham Ltd owned approximately 27.23% of Foresight Autonomous at the end of the most recent reporting period. Institutional investors own 23.45% of the company’s stock.

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.