Forrester Research, Inc. (NASDAQ:FORR) Short Interest Update

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

Institutional Investors Weigh In On Forrester Research

Several hedge funds have recently made changes to their positions in the company. Point72 DIFC Ltd lifted its position in shares of 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 acquiring an additional 658 shares in the last quarter. Rhumbline Advisers increased its stake in Forrester Research by 7.8% in the 4th quarter. Rhumbline Advisers now owns 18,571 shares of the technology company’s stock valued at $291,000 after buying an additional 1,337 shares during the period. FMR LLC increased its stake in Forrester Research by 138.7% in the 3rd 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 during the period. State Street Corp increased its stake 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 during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Forrester Research by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 96,308 shares of the technology company’s stock valued at $1,735,000 after buying an additional 3,289 shares during the period. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Forrester Research Stock Down 0.8 %

Shares of NASDAQ:FORR opened at $15.25 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $289.69 million, a PE ratio of -43.57, a price-to-earnings-growth ratio of 1.02 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 firm has a 50 day simple moving average of $15.78 and a 200 day simple moving average of $16.86.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research 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.