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

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FORR. Point72 DIFC Ltd increased its stake in shares of Forrester Research by 62.4% in the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company's stock worth $29,000 after purchasing an additional 658 shares in the last quarter. FMR LLC grew its holdings in Forrester Research by 138.7% during the third quarter. FMR LLC now owns 2,535 shares of the technology company's stock valued at $46,000 after purchasing an additional 1,473 shares during the period. SG Americas Securities LLC purchased a new stake in Forrester Research in the fourth quarter worth about $111,000. Total Clarity Wealth Management Inc. bought a new position in shares of Forrester Research in the fourth quarter worth about $209,000. Finally, Rhumbline Advisers lifted its position in shares of Forrester Research by 7.8% during the 4th quarter. Rhumbline Advisers now owns 18,571 shares of the technology company's stock valued at $291,000 after buying an additional 1,337 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors.

Forrester Research Stock Performance

Shares of NASDAQ FORR traded down $0.29 during midday trading on Monday, hitting $14.97. 23,347 shares of the company's stock traded hands, compared to its average volume of 44,510. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $284.34 million, a price-to-earnings ratio of -42.80, a price-to-earnings-growth ratio of 1.00 and a beta of 0.91. The firm has a fifty day moving average of $15.78 and a 200 day moving average of $16.83. Forrester Research has a 1 year low of $13.96 and a 1 year high of $24.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Forrester Research from a "hold" rating to a "buy" rating in a research report on Saturday, December 14th.

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.