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

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSXGet Rating) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 705,800 shares, an increase of 7.2% from the July 15th total of 658,300 shares. Based on an average daily volume of 483,700 shares, the short-interest ratio is presently 1.5 days.

Foresight Autonomous Trading Down 5.0 %

FRSX traded down $0.04 during mid-day trading on Wednesday, hitting $0.78. The stock had a trading volume of 401 shares, compared to its average volume of 221,101. The stock’s fifty day simple moving average is $0.67 and its 200-day simple moving average is $0.89. Foresight Autonomous has a 1-year low of $0.49 and a 1-year high of $3.68.

Foresight Autonomous (NASDAQ:FRSXGet Rating) last posted its earnings results on Thursday, May 26th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $0.04 million for the quarter.

Institutional Investors Weigh In On Foresight Autonomous

A number of hedge funds and other institutional investors have recently made changes to their positions in FRSX. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Foresight Autonomous by 23.2% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,329,854 shares of the company’s stock worth $4,264,000 after acquiring an additional 438,256 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in shares of Foresight Autonomous during the fourth quarter worth $344,000. Renaissance Technologies LLC raised its holdings in shares of Foresight Autonomous by 434.5% during the first quarter. Renaissance Technologies LLC now owns 354,300 shares of the company’s stock worth $393,000 after acquiring an additional 288,010 shares during the period. UBS Group AG raised its holdings in shares of Foresight Autonomous by 478.2% during the second quarter. UBS Group AG now owns 113,978 shares of the company’s stock worth $71,000 after acquiring an additional 94,266 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Foresight Autonomous by 98.8% during the second quarter. Millennium Management LLC now owns 427,606 shares of the company’s stock worth $265,000 after acquiring an additional 212,537 shares during the period. 57.62% of the stock is currently owned by institutional investors and hedge funds.

About Foresight Autonomous

(Get Rating)

Foresight Autonomous Holdings Ltd., a technology company, engages in the design, development, and commercialization of sensor systems for the automotive industry in Israel and internationally. The company develops in-line-of-sight vision solutions and beyond-line-of-site accident-prevention solutions.

Further Reading

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