Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX – Get Free Report) was the target of a large growth in short interest in 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. Currently, 7.6% of the shares of the company are sold short. Based on an average trading volume of 940,500 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Investors Weigh In On Foresight Autonomous
A number of hedge funds and other institutional investors have recently bought and sold shares of FRSX. Altshuler Shaham Ltd grew its position in shares of Foresight Autonomous by 98,273,000.0% during the 4th quarter. Altshuler Shaham Ltd now owns 982,731 shares of the company’s stock valued at $1,454,000 after purchasing an additional 982,730 shares in the last quarter. Renaissance Technologies LLC grew its position in Foresight Autonomous by 29.3% in the fourth quarter. Renaissance Technologies LLC now owns 52,954 shares of the company’s stock worth $78,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new position in Foresight Autonomous in the fourth quarter worth $26,000. Institutional investors own 23.45% of the company’s stock.
Foresight Autonomous Stock Performance
FRSX stock traded down $0.01 during midday trading on Friday, reaching $0.72. 436,975 shares of the company’s stock traded hands, compared to its average volume of 409,601. The company has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $0.88. Foresight Autonomous has a 52 week low of $0.57 and a 52 week high of $2.63. The firm has a market capitalization of $7.78 million, a PE ratio of -0.70 and a beta of 1.39.
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.
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