Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) Short Interest Update

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 217,300 shares, a growth of 5.6% from the September 30th total of 205,700 shares. Based on an average trading volume of 51,500 shares, the short-interest ratio is currently 4.2 days.

Hedge Funds Weigh In On Foresight Autonomous

A hedge fund recently bought a new stake in Foresight Autonomous stock. Altshuler Shaham Ltd purchased a new position in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous comprises about 0.1% of Altshuler Shaham Ltd’s portfolio, making the stock its 26th largest position. Altshuler Shaham Ltd owned 27.23% of Foresight Autonomous as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 23.45% of the company’s stock.

Foresight Autonomous Stock Performance

Foresight Autonomous stock opened at $0.65 on Thursday. The company has a 50-day simple moving average of $0.71 and a 200-day simple moving average of $0.91. Foresight Autonomous has a one year low of $0.61 and a one year high of $2.10.

Foresight Autonomous (NASDAQ:FRSX) last released its quarterly earnings results on Friday, August 9th. The company reported ($0.30) EPS for the quarter. The firm had revenue of $0.12 million for the quarter. Foresight Autonomous had a negative return on equity of 86.89% and a negative net margin of 1,871.62%.

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.