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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its holdings 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Forrester Research by 50.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company’s stock worth $54,000 after buying an additional 1,153 shares during the last quarter. Aquatic Capital Management LLC lifted its position in shares of Forrester Research by 63.6% during the 4th quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company’s stock worth $87,000 after buying an additional 2,163 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Forrester Research by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company’s stock worth $108,000 after buying an additional 1,497 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Forrester Research during the 4th quarter worth approximately $111,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Trading Down 0.2 %

NASDAQ FORR opened at $10.77 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. Forrester Research has a 52 week low of $10.52 and a 52 week high of $21.91. The stock has a market capitalization of $204.59 million, a PE ratio of -35.90, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91. The firm has a 50 day moving average of $14.26 and a two-hundred day moving average of $15.96.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FORR. StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Saturday, December 14th. Sidoti upgraded shares of Forrester Research to a “hold” rating in a 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.