Forrester Research, Inc. (NASDAQ:FORR) Short Interest Down 22.6% in January

Forrester Research, Inc. (NASDAQ:FORR) was the target of a large 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 volume of 65,800 shares, the short-interest ratio is presently 3.9 days. Currently, 2.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Forrester Research

A number of institutional investors and hedge funds have recently modified their holdings of FORR. ArrowMark Colorado Holdings LLC boosted its stake in Forrester Research by 3.5% during the third quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company’s stock worth $14,129,000 after acquiring an additional 26,810 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Forrester Research by 134.7% during the second quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock valued at $4,687,000 after purchasing an additional 157,510 shares during the period. Ballentine Partners LLC boosted its position in shares of Forrester Research by 1.7% during the 3rd quarter. Ballentine Partners LLC now owns 254,399 shares of the technology company’s stock worth $4,582,000 after purchasing an additional 4,342 shares in the last quarter. State Street Corp increased its position in Forrester Research by 1.0% in the 3rd quarter. State Street Corp now owns 253,181 shares of the technology company’s stock valued at $4,560,000 after buying an additional 2,589 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Forrester Research in the 3rd quarter worth $3,119,000. 55.20% of the stock is currently owned by institutional investors.

Forrester Research Trading Down 0.8 %

Shares of Forrester Research stock traded down $0.13 during midday trading on Friday, reaching $15.25. The company had a trading volume of 42,926 shares, compared to its average volume of 41,874. The stock has a fifty day moving average price of $15.78 and a 200 day moving average price of $16.86. 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 has a fifty-two week low of $13.96 and a fifty-two week high of $26.83. The firm has a market cap of $289.69 million, a PE ratio of -43.57, a P/E/G ratio of 1.02 and a beta of 0.91.

Analyst Ratings Changes

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

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.