Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Short Interest Down 91.9% in August

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 3,556 shares, a decline of 91.9% from the August 15th total of 43,777 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 62,051 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Down 0.9%

Shares of Foresight Autonomous Holdings Ltd. American Depositary Shares stock traded down $0.01 during trading hours on Friday, hitting $1.10. 13,783 shares of the company’s stock traded hands, compared to its average volume of 40,233. Foresight Autonomous Holdings Ltd. American Depositary Shares has a twelve month low of $1.05 and a twelve month high of $7.95. The company has a market cap of $1.78 million, a PE ratio of -0.07 and a beta of 0.68. The stock has a 50 day simple moving average of $1.29 and a 200-day simple moving average of $1.85.

Hedge Funds Weigh In On Foresight Autonomous Holdings Ltd. American Depositary Shares

A hedge fund recently bought a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP purchased a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares makes up approximately 0.1% of Yorkville Advisors Global LP’s portfolio, making the stock its 22nd largest position. Yorkville Advisors Global LP owned 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares at the end of the most recent reporting period. 23.45% of the stock is currently owned by hedge funds and other institutional investors.

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.