Formula Systems (1985) Ltd. (NASDAQ:FORTY) Short Interest Update

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 2,500 shares, a decrease of 13.8% from the January 31st total of 2,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 600 shares, the short-interest ratio is currently 4.2 days.

Formula Systems (1985) Price Performance

Shares of NASDAQ:FORTY opened at $89.88 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The business’s fifty day moving average price is $91.39 and its two-hundred day moving average price is $85.43. The stock has a market cap of $1.38 billion, a PE ratio of 18.65 and a beta of 1.10. Formula Systems has a one year low of $69.07 and a one year high of $100.00.

Institutional Trading of Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC acquired a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is currently owned by institutional investors.

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.