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

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 154,559 shares, an increase of 48.3% from the December 15th total of 104,226 shares. Approximately 3.7% of the shares of the company are short sold. Based on an average trading volume of 113,208 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 113,208 shares, the days-to-cover ratio is presently 1.4 days. Approximately 3.7% of the shares of the company are short sold.

Foresight Autonomous Holdings Ltd. American Depositary Shares Price Performance

NASDAQ:FRSX traded down $0.01 during trading hours on Friday, reaching $1.40. The company had a trading volume of 21,754 shares, compared to its average volume of 89,673. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 1-year low of $1.26 and a 1-year high of $10.29. The business’s 50 day moving average price is $1.77 and its 200-day moving average price is $2.30. The firm has a market cap of $6.59 million, a PE ratio of -0.19 and a beta of 0.49.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Company Profile

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.