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

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 738,100 shares, a growth of 86.2% from the February 13th total of 396,300 shares. Approximately 7.6% of the company’s stock are short sold. Based on an average daily volume of 940,500 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Foresight Autonomous

Hedge funds have recently added to or reduced their stakes in the stock. Wolverine Trading LLC purchased a new position in shares of Foresight Autonomous in the 4th quarter worth approximately $26,000. Renaissance Technologies LLC boosted its stake in shares of Foresight Autonomous by 29.3% in the 4th quarter. Renaissance Technologies LLC now owns 52,954 shares of the company’s stock worth $78,000 after buying an additional 12,000 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its stake in shares of Foresight Autonomous by 98,273,000.0% in the 4th quarter. Altshuler Shaham Ltd now owns 982,731 shares of the company’s stock worth $1,454,000 after buying an additional 982,730 shares during the last quarter. Institutional investors and hedge funds own 23.45% of the company’s stock.

Foresight Autonomous Stock Down 1.5 %

FRSX stock traded down $0.01 during mid-day trading on Friday, reaching $0.72. 436,975 shares of the company traded hands, compared to its average volume of 409,601. The stock has a market cap of $7.78 million, a price-to-earnings ratio of -0.70 and a beta of 1.39. Foresight Autonomous has a fifty-two week low of $0.57 and a fifty-two week high of $2.63. The firm’s 50 day moving average price is $1.03 and its 200 day moving average price is $0.88.

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.