Forrester Research, Inc. (NASDAQ:FORR) Short Interest Update

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

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.

Institutional Trading of Forrester Research

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised 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 worth $291,000 after buying an additional 1,337 shares in the last quarter. Total Clarity Wealth Management Inc. bought a new stake in shares of Forrester Research during the 4th quarter worth about $209,000. SG Americas Securities LLC bought a new stake in shares of Forrester Research during the 4th quarter worth about $111,000. Barclays PLC raised its position in shares of Forrester Research by 71.1% during the 3rd quarter. Barclays PLC now owns 44,090 shares of the technology company’s stock worth $794,000 after buying an additional 18,319 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Forrester Research by 29.9% during the 3rd quarter. M&T Bank Corp now owns 99,969 shares of the technology company’s stock worth $1,800,000 after buying an additional 22,984 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors.

Forrester Research Stock Down 0.8 %

FORR stock opened at $15.25 on Friday. Forrester Research has a 52 week low of $13.96 and a 52 week high of $26.83. The company has a market capitalization of $289.69 million, a price-to-earnings ratio of -43.57, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. The firm’s 50-day moving average is $15.78 and its two-hundred day moving average is $16.86. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15.

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.