Rail Vision Ltd. (NASDAQ:RVSN) Short Interest Down 19.5% in March

Rail Vision Ltd. (NASDAQ:RVSN) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 1,240,000 shares, a drop of 19.5% from the March 15th total of 1,540,000 shares. Based on an average daily volume of 3,040,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 2.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rail Vision stock. Millennium Management LLC acquired a new stake in shares of Rail Vision Ltd. (NASDAQ:RVSN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,089 shares of the company’s stock, valued at approximately $47,000. Millennium Management LLC owned about 0.11% of Rail Vision at the end of the most recent quarter. 12.11% of the stock is owned by institutional investors.

Rail Vision Trading Down 2.6 %

Shares of RVSN opened at $0.41 on Tuesday. The stock has a 50-day moving average price of $0.46 and a 200-day moving average price of $0.64. The company has a market cap of $21.42 million, a PE ratio of -0.09 and a beta of -1.09. Rail Vision has a 12-month low of $0.27 and a 12-month high of $2.72.

About Rail Vision

Rail Vision Ltd. designs, develops, assembles, and sells railway detection systems for railway operational safety, efficiency, and predictive maintenance in Israel. The company's railway detection systems include various cameras, such as optics, visible light spectrum cameras (video), and thermal cameras that transmit data to a ruggedized on-board computer that is designed to be suitable for the rough environment of a train's locomotive.