Short Interest in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Grows By 127.6%

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) was the recipient of a large increase in short interest during 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 volume of 739,900 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Foresight Autonomous

A hedge fund recently bought a new stake in Foresight Autonomous stock. Altshuler Shaham Ltd acquired a new stake in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous comprises 0.1% of Altshuler Shaham Ltd’s holdings, making the stock its 26th largest position. Altshuler Shaham Ltd owned about 27.23% of Foresight Autonomous at the end of the most recent quarter. Institutional investors and hedge funds own 23.45% of the company’s stock.

Foresight Autonomous Trading Up 4.0 %

Shares of FRSX traded up $0.05 during midday trading on Tuesday, hitting $1.30. 259,123 shares of the company’s stock traded hands, compared to its average volume of 466,914. Foresight Autonomous has a 1 year low of $0.57 and a 1 year high of $2.63. The firm’s fifty day moving average is $1.00 and its 200-day moving average is $0.86. The stock has a market capitalization of $14.07 million, a price-to-earnings ratio of -1.27 and a beta of 1.43.

About Foresight Autonomous

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.