Forrester Research, Inc. (NASDAQ:FORR) Short Interest Down 10.9% in October

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th.

Institutional Investors Weigh In On Forrester Research

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd lifted its position in shares of Forrester Research by 62.4% in 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 during the period. FMR LLC lifted its position in shares of Forrester Research by 138.7% in the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,473 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of Forrester Research in the 1st quarter worth about $186,000. Paloma Partners Management Co purchased a new position in Forrester Research during the 1st quarter valued at about $222,000. Finally, Comerica Bank lifted its position in Forrester Research by 123.3% during the 1st quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after acquiring an additional 6,510 shares during the period. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Trading Up 0.9 %

Shares of FORR stock traded up $0.14 on Tuesday, hitting $16.54. 20,336 shares of the company’s stock traded hands, compared to its average volume of 116,454. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. Forrester Research has a one year low of $14.38 and a one year high of $27.89. The company’s fifty day simple moving average is $16.59 and its 200 day simple moving average is $17.54. The stock has a market capitalization of $314.26 million, a price-to-earnings ratio of -47.00, a P/E/G ratio of 1.30 and a beta of 0.88.

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.