Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Sees Significant Increase in Short Interest

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 166,308 shares, an increase of 77.1% from the May 31st total of 93,885 shares. Approximately 11.5% of the shares of the company are short sold. Based on an average daily volume of 4,983,239 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Foresight Autonomous Holdings Ltd. American Depositary Shares has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Up 4.2%

FRSX opened at $1.97 on Thursday. The firm’s fifty day simple moving average is $1.90 and its two-hundred day simple moving average is $2.72. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 52-week low of $1.22 and a 52-week high of $12.39. The company has a market cap of $3.19 million, a price-to-earnings ratio of -0.09 and a beta of 0.65.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP acquired a new position in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares makes up 0.1% of Yorkville Advisors Global LP’s holdings, making the stock its 22nd largest position. Yorkville Advisors Global LP owned 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares at the end of the most recent quarter. 23.45% of the stock is owned by institutional investors.

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.