Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Sees Large Growth in Short Interest

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 170,500 shares, a growth of 5.8% from the August 31st total of 161,200 shares. Based on an average daily volume of 52,400 shares, the short-interest ratio is presently 3.3 days.

Foresight Autonomous Price Performance

Shares of NASDAQ:FRSX remained flat at $0.71 during trading on Tuesday. The company’s stock had a trading volume of 29,985 shares, compared to its average volume of 239,643. Foresight Autonomous has a 52-week low of $0.63 and a 52-week high of $2.15. The firm has a fifty day simple moving average of $0.79 and a two-hundred day simple moving average of $0.98.

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

Hedge Funds Weigh In On Foresight Autonomous

A hedge fund recently bought a new stake in Foresight Autonomous stock. Altshuler Shaham Ltd acquired a new stake in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the second quarter, according to its most recent disclosure 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 comprises about 0.1% of Altshuler Shaham Ltd’s holdings, making the stock its 26th largest position. Altshuler Shaham Ltd owned 27.23% of Foresight Autonomous at the end of the most recent quarter. 23.45% of the stock is owned by institutional investors and hedge funds.

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.