Formula Systems (1985) Ltd. (NASDAQ:FORTY) Short Interest Down 28.0% in February

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,800 shares, a drop of 28.0% from the February 13th total of 2,500 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 3.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is currently owned by hedge funds and other institutional investors.

Formula Systems (1985) Stock Down 1.3 %

Shares of NASDAQ FORTY traded down $1.33 during mid-day trading on Monday, reaching $98.00. 298 shares of the company’s stock were exchanged, compared to its average volume of 775. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.33 and a beta of 1.10. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $92.17 and a 200 day simple moving average of $86.33. Formula Systems has a twelve month low of $69.07 and a twelve month high of $100.00.

About Formula Systems (1985)

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.