Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Short Interest Up 5.6% in October

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 217,300 shares, an increase of 5.6% from the September 30th total of 205,700 shares. Based on an average daily volume of 51,500 shares, the short-interest ratio is presently 4.2 days.

Foresight Autonomous Stock Performance

Shares of Foresight Autonomous stock opened at $0.61 on Friday. Foresight Autonomous has a 12-month low of $0.60 and a 12-month high of $2.10. The business’s 50 day moving average is $0.70 and its 200-day moving average is $0.91.

Foresight Autonomous (NASDAQ:FRSX) last announced its earnings results on Friday, August 9th. The company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $0.12 million during the quarter. Foresight Autonomous had a negative net margin of 1,871.62% and a negative return on equity of 86.89%.

Institutional Investors Weigh In On Foresight Autonomous

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd purchased a new position in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous accounts for approximately 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 26th largest position. Altshuler Shaham Ltd owned 27.23% of Foresight Autonomous as of its most recent filing with the Securities and Exchange Commission. 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.