Short Interest in Formula Systems (1985) Ltd. (NASDAQ:FORTY) Declines By 30.0%

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 700 shares, a decrease of 30.0% from the November 30th total of 1,000 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 1.8 days.

Formula Systems (1985) Stock Performance

FORTY remained flat at $93.35 on Friday. The company had a trading volume of 27 shares, compared to its average volume of 675. The business has a 50 day moving average of $87.62 and a two-hundred day moving average of $80.17. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 19.37 and a beta of 1.08. Formula Systems has a 1 year low of $60.39 and a 1 year high of $96.50. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.

Institutional Trading of Formula Systems (1985)

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 52.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,711 shares of the technology company’s stock after acquiring an additional 2,303 shares during the quarter. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $478,000 at the end of the most recent reporting period. Institutional investors own 34.76% of the company’s stock.

Formula Systems (1985) Company Profile

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.