Short Interest in Forrester Research, Inc. (NASDAQ:FORR) Declines By 31.6%

Forrester Research, Inc. (NASDAQ:FORR - Get Free Report) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 157,800 shares, a decrease of 31.6% from the January 31st total of 230,600 shares. Based on an average daily trading volume, of 62,500 shares, the short-interest ratio is presently 2.5 days. Approximately 1.4% of the company's shares are sold short.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FORR. StockNews.com raised shares of Forrester Research from a "hold" rating to a "buy" rating in a research report on Saturday, December 14th. Sidoti raised shares of Forrester Research to a "hold" rating in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On Forrester Research

Several institutional investors and hedge funds have recently bought and sold shares of FORR. FMR LLC increased its position in shares of Forrester Research by 138.7% in the third quarter. FMR LLC now owns 2,535 shares of the technology company's stock worth $46,000 after acquiring an additional 1,473 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Forrester Research by 50.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company's stock worth $54,000 after acquiring an additional 1,153 shares in the last quarter. Aquatic Capital Management LLC increased its position in shares of Forrester Research by 63.6% in the fourth quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company's stock worth $87,000 after acquiring an additional 2,163 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Forrester Research by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company's stock worth $108,000 after acquiring an additional 1,497 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Forrester Research in the fourth quarter worth $111,000. Institutional investors and hedge funds own 55.20% of the company's stock.

Remove Ads

Forrester Research Trading Down 3.3 %

FORR stock traded down $0.35 on Thursday, hitting $10.19. 106,847 shares of the company were exchanged, compared to its average volume of 68,892. Forrester Research has a twelve month low of $10.13 and a twelve month high of $21.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. The business's fifty day moving average is $14.04 and its two-hundred day moving average is $15.89. The stock has a market capitalization of $193.57 million, a price-to-earnings ratio of -33.97, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.