Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Short Interest Up 86.2% in February

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) saw 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. Based on an average daily volume of 940,500 shares, the short-interest ratio is currently 0.8 days. Currently, 7.6% of the shares of the company are short sold.

Institutional Trading of Foresight Autonomous

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC purchased a new stake in shares of Foresight Autonomous in the fourth quarter valued at about $26,000. Renaissance Technologies LLC boosted its holdings in shares of Foresight Autonomous by 29.3% in the fourth quarter. Renaissance Technologies LLC now owns 52,954 shares of the company’s stock valued at $78,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Altshuler Shaham Ltd boosted its holdings in shares of Foresight Autonomous by 98,273,000.0% in the fourth quarter. Altshuler Shaham Ltd now owns 982,731 shares of the company’s stock valued at $1,454,000 after acquiring an additional 982,730 shares in the last quarter. Hedge funds and other institutional investors own 23.45% of the company’s stock.

Foresight Autonomous Stock Performance

Foresight Autonomous stock traded down $0.01 during midday trading on Friday, hitting $0.72. 436,975 shares of the company’s stock were exchanged, compared to its average volume of 409,601. Foresight Autonomous has a 12-month low of $0.57 and a 12-month high of $2.63. The stock has a market cap of $7.78 million, a price-to-earnings ratio of -0.70 and a beta of 1.39. The firm’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $0.89.

Foresight Autonomous Company Profile

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.