Short Interest in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Declines By 5.0%

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 213,900 shares, a drop of 5.0% from the November 15th total of 225,200 shares. Based on an average daily trading volume, of 159,600 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Foresight Autonomous

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd acquired a new stake in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous accounts for about 0.1% of Altshuler Shaham Ltd’s holdings, making the stock its 26th biggest position. Altshuler Shaham Ltd owned about 27.23% of Foresight Autonomous at the end of the most recent quarter. Hedge funds and other institutional investors own 23.45% of the company’s stock.

Foresight Autonomous Stock Performance

Foresight Autonomous stock opened at $0.92 on Thursday. Foresight Autonomous has a fifty-two week low of $0.57 and a fifty-two week high of $1.64. The stock’s 50 day simple moving average is $0.65 and its two-hundred day simple moving average is $0.80. The stock has a market cap of $9.96 million, a price-to-earnings ratio of -0.90 and a beta of 1.73.

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.