Short Interest in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Declines By 5.0%

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 213,900 shares, a drop of 5.0% from the November 15th total of 225,200 shares. Based on an average daily volume of 159,600 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Foresight Autonomous

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd purchased a new stake in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous makes up about 0.1% of Altshuler Shaham Ltd’s portfolio, making the stock its 26th largest holding. Altshuler Shaham Ltd owned approximately 27.23% of Foresight Autonomous as of its most recent filing with the Securities and Exchange Commission (SEC). 23.45% of the stock is owned by institutional investors.

Foresight Autonomous Stock Up 44.9 %

Shares of FRSX opened at $0.92 on Thursday. The stock has a market cap of $9.96 million, a P/E ratio of -0.90 and a beta of 1.73. The business’s 50 day moving average price is $0.65 and its 200-day moving average price is $0.80. Foresight Autonomous has a 52 week low of $0.57 and a 52 week high of $1.64.

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.