Rail Vision Ltd. (NASDAQ:RVSN) Sees Large Growth in Short Interest

Rail Vision Ltd. (NASDAQ:RVSN) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,960,000 shares, an increase of 35.2% from the January 31st total of 1,450,000 shares. Currently, 10.5% of the company’s stock are short sold. Based on an average daily volume of 7,150,000 shares, the days-to-cover ratio is presently 0.3 days.

Rail Vision Stock Down 0.0 %

Shares of RVSN opened at $0.49 on Thursday. Rail Vision has a 52-week low of $0.38 and a 52-week high of $4.79. The stock has a 50 day moving average price of $1.01 and a 200 day moving average price of $0.66. The company has a market capitalization of $9.95 million, a price-to-earnings ratio of -0.11 and a beta of -1.74.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rail Vision stock. Millennium Management LLC acquired a new position in shares of Rail Vision Ltd. (NASDAQ:RVSN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,089 shares of the company’s stock, valued at approximately $47,000. Millennium Management LLC owned about 0.11% of Rail Vision as of its most recent filing with the Securities & Exchange Commission. 12.11% of the stock is currently owned by hedge funds and other institutional investors.

Rail Vision Company Profile

Rail Vision Ltd. designs, develops, assembles, and sells railway detection systems for railway operational safety, efficiency, and predictive maintenance in Israel. The company's railway detection systems include various cameras, such as optics, visible light spectrum cameras (video), and thermal cameras that transmit data to a ruggedized on-board computer that is designed to be suitable for the rough environment of a train's locomotive.