Short Interest in Forrester Research, Inc. (NASDAQ:FORR) Decreases By 22.6%

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

Hedge Funds Weigh In On Forrester Research

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd grew its stake in Forrester Research by 62.4% in the second 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 position in shares of Forrester Research by 138.7% during the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company’s stock worth $46,000 after buying an additional 1,473 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Forrester Research during the fourth quarter valued at $111,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Forrester Research during the fourth quarter valued at $209,000. Finally, BNP Paribas Financial Markets lifted its stake in Forrester Research by 734.6% in the third quarter. BNP Paribas Financial Markets now owns 20,916 shares of the technology company’s stock worth $377,000 after acquiring an additional 18,410 shares during the period. 55.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Forrester Research Trading Up 1.7 %

Shares of NASDAQ FORR traded up $0.27 during mid-day trading on Thursday, reaching $15.85. The company had a trading volume of 1,929 shares, compared to its average volume of 44,128. Forrester Research has a 52 week low of $13.96 and a 52 week high of $26.83. The business’s 50-day moving average is $15.84 and its 200-day moving average is $16.89. The stock has a market cap of $301.06 million, a price-to-earnings ratio of -45.11, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15.

About Forrester Research

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.