Short Interest in Forrester Research, Inc. (NASDAQ:FORR) Decreases By 22.6%

Forrester Research, Inc. (NASDAQ:FORR) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 256,000 shares, a decrease of 22.6% from the December 31st total of 330,600 shares. Based on an average daily trading volume, of 65,800 shares, the short-interest ratio is presently 3.9 days. Currently, 2.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Saturday, December 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC purchased a new position in Forrester Research in the 3rd quarter valued at approximately $3,119,000. Millennium Management LLC boosted its position in shares of Forrester Research by 134.7% in the second quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock worth $4,687,000 after acquiring an additional 157,510 shares during the last quarter. AXA S.A. purchased a new stake in Forrester Research in the second quarter valued at approximately $803,000. Cubist Systematic Strategies LLC increased its position in Forrester Research by 111.2% during the second quarter. Cubist Systematic Strategies LLC now owns 86,063 shares of the technology company’s stock worth $1,470,000 after purchasing an additional 45,315 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Forrester Research by 87.7% in the 2nd quarter. AQR Capital Management LLC now owns 63,841 shares of the technology company’s stock valued at $1,090,000 after purchasing an additional 29,824 shares during the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Stock Performance

Shares of FORR traded up $0.27 during mid-day trading on Thursday, reaching $15.85. 1,929 shares of the company’s stock were exchanged, compared to its average volume of 44,128. The business’s fifty day simple moving average is $15.84 and its 200-day simple moving average is $16.89. The stock has a market capitalization of $301.06 million, a PE ratio of -45.11, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. Forrester Research has a 52-week low of $13.96 and a 52-week high of $26.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98.

Forrester Research Company Profile

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.