Forrester Research, Inc. (NASDAQ:FORR) Short Interest Up 15.8% in July

Forrester Research, Inc. (NASDAQ:FORR - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 650,400 shares, a growth of 15.8% from the July 15th total of 561,800 shares. Based on an average trading volume of 123,300 shares, the days-to-cover ratio is presently 5.3 days. Approximately 5.7% of the company's shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Forrester Research from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th.

Forrester Research Stock Down 0.1 %

Shares of NASDAQ:FORR traded down $0.02 during trading on Friday, reaching $18.77. 129,441 shares of the company traded hands, compared to its average volume of 134,317. The firm has a fifty day simple moving average of $17.74 and a 200 day simple moving average of $19.09. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.15. Forrester Research has a 1-year low of $16.14 and a 1-year high of $31.67. The firm has a market cap of $358.64 million, a P/E ratio of 625.67, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91.

Insider Activity

In related news, insider Ryan Darrah sold 3,895 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $18.26, for a total value of $71,122.70. Following the completion of the transaction, the insider now owns 19,640 shares of the company's stock, valued at approximately $358,626.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 39.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Forrester Research

Institutional investors have recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Forrester Research in the fourth quarter worth $28,000. Point72 DIFC Ltd boosted its stake in shares of Forrester Research by 62.4% during the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company's stock worth $29,000 after acquiring an additional 658 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Forrester Research by 52.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company's stock valued at $42,000 after acquiring an additional 533 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Forrester Research by 20.8% in the 4th quarter. SG Americas Securities LLC now owns 4,380 shares of the technology company's stock valued at $117,000 after acquiring an additional 753 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Forrester Research in the 1st quarter worth approximately $186,000. 55.20% of the stock is currently owned by institutional investors and hedge funds.

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.