Short Interest in Forrester Research, Inc. (NASDAQ:FORR) Declines By 31.6%

Forrester Research, Inc. (NASDAQ:FORR) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 157,800 shares, a decrease of 31.6% from the January 31st total of 230,600 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily volume of 62,500 shares, the short-interest ratio is presently 2.5 days.

Institutional Trading of Forrester Research

A number of hedge funds have recently made changes to their positions in the business. Royce & Associates LP lifted its position in shares of Forrester Research by 0.4% in the fourth quarter. Royce & Associates LP now owns 2,486,726 shares of the technology company’s stock valued at $38,967,000 after buying an additional 9,866 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in Forrester Research by 3.5% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company’s stock worth $14,129,000 after purchasing an additional 26,810 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Forrester Research by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 291,858 shares of the technology company’s stock worth $4,574,000 after purchasing an additional 3,297 shares during the last quarter. State Street Corp lifted its holdings in Forrester Research by 1.0% during the 3rd quarter. State Street Corp now owns 253,181 shares of the technology company’s stock worth $4,560,000 after purchasing an additional 2,589 shares during the last quarter. Finally, Portolan Capital Management LLC lifted its holdings in Forrester Research by 21.7% during the 4th quarter. Portolan Capital Management LLC now owns 251,473 shares of the technology company’s stock worth $3,941,000 after purchasing an additional 44,874 shares during the last quarter. 55.20% of the stock is owned by institutional investors and hedge funds.

Forrester Research Stock Performance

Shares of FORR traded down $0.02 during mid-day trading on Tuesday, reaching $10.77. The company’s stock had a trading volume of 80,808 shares, compared to its average volume of 68,093. Forrester Research has a 1-year low of $10.52 and a 1-year high of $21.91. The stock has a market cap of $204.59 million, a P/E ratio of -35.90, a PEG ratio of 1.22 and a beta of 0.91. The business has a 50-day simple moving average of $14.36 and a two-hundred day simple moving average of $16.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15.

Analyst Ratings Changes

Several research analysts recently commented on FORR shares. StockNews.com raised Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday, December 14th. Sidoti raised Forrester Research to a “hold” rating in a research report on Wednesday, February 12th.

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.