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 decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,800 shares, a decline of 28.0% from the February 13th total of 2,500 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 3.0 days.

Formula Systems (1985) Price Performance

FORTY traded down $2.90 on Tuesday, hitting $96.44. 161 shares of the company’s stock were exchanged, compared to its average volume of 774. The firm has a 50-day moving average price of $92.38 and a 200-day moving average price of $86.48. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 20.01 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. Formula Systems has a fifty-two week low of $69.07 and a fifty-two week high of $100.00.

Institutional Inflows and Outflows

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) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. Hedge funds and other institutional investors own 34.76% of the company’s stock.

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.