Forrester Research, Inc. (NASDAQ:FORR) Sees Large Decline in Short Interest

Forrester Research, Inc. (NASDAQ:FORR) was the recipient of a significant decrease in short interest in 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. Based on an average trading volume of 65,800 shares, the days-to-cover ratio is presently 3.9 days. Approximately 2.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Point72 DIFC Ltd grew its position in shares of Forrester Research by 62.4% during the 2nd 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 increased its stake in 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 acquiring an additional 1,473 shares during the period. SG Americas Securities LLC bought a new position in Forrester Research during the 4th quarter worth $111,000. Total Clarity Wealth Management Inc. acquired a new position in Forrester Research in the 4th quarter valued at $209,000. Finally, Rhumbline Advisers lifted 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 valued at $291,000 after acquiring an additional 1,337 shares during the period. 55.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 Stock Performance

NASDAQ FORR traded down $0.13 during trading on Friday, reaching $15.25. 42,926 shares of the company’s stock were exchanged, compared to its average volume of 41,874. Forrester Research has a fifty-two week low of $13.96 and a fifty-two week high of $26.83. The stock has a market capitalization of $289.69 million, a P/E ratio of -43.57, a PEG ratio of 1.02 and a beta of 0.91. The business has a 50 day moving average price of $15.78 and a 200-day moving average price of $16.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98.

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.