Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Short Interest Down 82.2% in January

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 27,501 shares, a decline of 82.2% from the December 31st total of 154,559 shares. Based on an average daily volume of 64,535 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 64,535 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Trading Up 5.7%

Foresight Autonomous Holdings Ltd. American Depositary Shares stock traded up $0.06 during mid-day trading on Wednesday, reaching $1.05. The company had a trading volume of 825,900 shares, compared to its average volume of 1,644,020. The business has a fifty day simple moving average of $1.62 and a 200 day simple moving average of $2.16. The company has a market cap of $5.08 million, a P/E ratio of -0.14 and a beta of 0.49. Foresight Autonomous Holdings Ltd. American Depositary Shares has a fifty-two week low of $0.89 and a fifty-two week high of $8.40.

About Foresight Autonomous Holdings Ltd. American Depositary Shares

Foresight Autonomous Holdings Ltd. is an Israel?based technology company specializing in advanced vision and sensing systems for driver assistance and autonomous vehicles. Incorporated in Israel, the company was established to address the growing demand for vision?first safety solutions within the automotive industry.

Foresight markets two core product lines: a stereo?camera platform that uses depth perception and image segmentation to detect pedestrians, vehicles and obstacles in real time, and iDAR, an “intelligent detection and ranging” system that blends LiDAR?style distance measurement with software-driven image analysis.