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

Forrester Research, Inc. (NASDAQ:FORR) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 561,800 shares, an increase of 103.3% from the June 30th total of 276,300 shares. Based on an average trading volume of 123,700 shares, the short-interest ratio is currently 4.5 days. Approximately 4.9% of the company’s shares are short sold.

Forrester Research Trading Up 0.6 %

Shares of Forrester Research stock traded up $0.11 during trading on Friday, hitting $19.25. The stock had a trading volume of 53,968 shares, compared to its average volume of 136,837. Forrester Research has a 12 month low of $16.14 and a 12 month high of $32.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s fifty day simple moving average is $17.55 and its 200-day simple moving average is $19.99. The stock has a market cap of $367.87 million, a PE ratio of 638.00, a PEG ratio of 1.30 and a beta of 0.91.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). Forrester Research had a return on equity of 9.30% and a net margin of 0.10%. The firm had revenue of $100.08 million during the quarter, compared to analysts’ expectations of $104.21 million. As a group, sell-side analysts expect that Forrester Research will post 1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Forrester Research from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

Institutional Trading of Forrester Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FORR. Kent Lake Capital LLC purchased a new stake in Forrester Research in the 1st quarter worth about $11,473,000. Wellington Management Group LLP bought a new stake in Forrester Research during the 4th quarter valued at about $2,327,000. Advisors Preferred LLC purchased a new stake in Forrester Research in the 1st quarter valued at about $1,428,000. Assenagon Asset Management S.A. bought a new position in Forrester Research in the 2nd quarter worth about $995,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Forrester Research during the first quarter worth approximately $812,000. 55.20% of the stock is owned by hedge funds and other institutional investors.

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.