Forrester Research, Inc. (NASDAQ:FORR) Short Interest Up 9.1% in November

Forrester Research, Inc. (NASDAQ:FORR) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 350,600 shares, a growth of 9.1% from the October 31st total of 321,400 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average trading volume of 75,800 shares, the short-interest ratio is presently 4.6 days.

Hedge Funds Weigh In On Forrester Research

A number of hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd boosted its holdings in Forrester Research by 62.4% in the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after purchasing an additional 658 shares during the period. FMR LLC raised its position in shares of Forrester Research by 138.7% in the third quarter. FMR LLC now owns 2,535 shares of the technology company’s stock valued at $46,000 after buying an additional 1,473 shares in the last quarter. Comerica Bank boosted its stake in shares of Forrester Research by 123.3% in the first quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after buying an additional 6,510 shares during the period. Quest Partners LLC grew its position in Forrester Research by 1,438.0% during the second quarter. Quest Partners LLC now owns 17,041 shares of the technology company’s stock worth $291,000 after buying an additional 15,933 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Forrester Research by 17.4% during the 2nd quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock worth $307,000 after acquiring an additional 2,661 shares during the period. 55.20% of the stock is owned by institutional investors.

Forrester Research Stock Performance

FORR stock traded down $0.61 during trading hours on Tuesday, hitting $16.70. 64,170 shares of the stock were exchanged, compared to its average volume of 114,652. Forrester Research has a 12 month low of $14.38 and a 12 month high of $27.89. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $317.30 million, a P/E ratio of -47.71, a P/E/G ratio of 1.40 and a beta of 0.90. The company has a 50-day simple moving average of $16.25 and a two-hundred day simple moving average of $17.39.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Forrester Research from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th.

About Forrester Research

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.