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

Forrester Research, Inc. (NASDAQ:FORR) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 321,400 shares, a decline of 10.9% from the October 15th total of 360,800 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 73,400 shares, the short-interest ratio is presently 4.4 days.

Institutional Trading of Forrester Research

Hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd increased its stake in Forrester Research by 62.4% in the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after buying an additional 658 shares during the period. FMR LLC boosted its position 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 last quarter. State Board of Administration of Florida Retirement System purchased a new position in Forrester Research in the first quarter valued at about $186,000. Paloma Partners Management Co acquired a new position in Forrester Research in the 1st quarter worth about $222,000. Finally, Comerica Bank raised its stake in shares of Forrester Research by 123.3% during the 1st quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock worth $254,000 after purchasing an additional 6,510 shares in the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Trading Up 1.9 %

NASDAQ FORR traded up $0.31 on Monday, hitting $16.40. 154,098 shares of the company were exchanged, compared to its average volume of 116,917. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.91. Forrester Research has a twelve month low of $14.38 and a twelve month high of $27.89. The firm has a market capitalization of $311.60 million, a P/E ratio of -44.00, a price-to-earnings-growth ratio of 1.30 and a beta of 0.88. The company’s 50 day moving average price is $16.62 and its 200-day moving average price is $17.55.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Forrester Research from a “hold” rating to a “buy” rating in a research note on Tuesday, November 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.