Forrester Research, Inc. (NASDAQ:FORR) Sees Large Decrease in Short Interest

Forrester Research, Inc. (NASDAQ:FORR - Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 256,000 shares, a drop of 22.6% from the December 15th total of 330,600 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 65,800 shares, the short-interest ratio is currently 3.9 days.

Forrester Research Stock Up 0.5 %

FORR traded up $0.07 during midday trading on Thursday, hitting $14.87. The company had a trading volume of 59,793 shares, compared to its average volume of 42,789. The stock's 50 day moving average price is $16.11 and its 200 day moving average price is $17.01. Forrester Research has a 52 week low of $13.96 and a 52 week high of $27.11. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $282.53 million, a price-to-earnings ratio of -42.49, a PEG ratio of 0.93 and a beta of 0.91.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Forrester Research from a "hold" rating to a "buy" rating in a research note on Saturday, December 14th.

Hedge Funds Weigh In On Forrester Research

Several institutional investors have recently bought and sold shares of FORR. Barclays PLC boosted its holdings in shares of Forrester Research by 71.1% in the third quarter. Barclays PLC now owns 44,090 shares of the technology company's stock worth $794,000 after acquiring an additional 18,319 shares during the period. M&T Bank Corp boosted its holdings in shares of Forrester Research by 29.9% in the 3rd quarter. M&T Bank Corp now owns 99,969 shares of the technology company's stock worth $1,800,000 after purchasing an additional 22,984 shares in the last quarter. State Street Corp grew its position in Forrester Research by 1.0% during the third quarter. State Street Corp now owns 253,181 shares of the technology company's stock valued at $4,560,000 after acquiring an additional 2,589 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Forrester Research during the 3rd quarter valued at $3,119,000. Finally, ArrowMark Colorado Holdings LLC grew its stake in shares of Forrester Research by 3.5% during the third quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company's stock valued at $14,129,000 after buying an additional 26,810 shares during the last quarter. Hedge funds and other institutional investors own 55.20% of the company's stock.

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.