Forian Inc. (NASDAQ:FORA) Short Interest Update

Forian Inc. (NASDAQ:FORA) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 179,000 shares, a growth of 8.0% from the March 31st total of 165,700 shares. Based on an average daily trading volume, of 27,300 shares, the days-to-cover ratio is presently 6.6 days. Currently, 1.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its position in shares of Forian by 11.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 40,000 shares of the company’s stock worth $89,000 after purchasing an additional 4,092 shares in the last quarter. Independent Advisor Alliance raised its holdings in Forian by 21.2% during the third quarter. Independent Advisor Alliance now owns 22,491 shares of the company’s stock worth $50,000 after buying an additional 3,936 shares during the last quarter. Pathstone Family Office LLC bought a new position in shares of Forian in the third quarter valued at $39,000. Aufman Associates Inc bought a new stake in shares of Forian during the third quarter worth about $117,000. Finally, Oracle Investment Management Inc. lifted its position in Forian by 0.3% in the 3rd quarter. Oracle Investment Management Inc. now owns 1,368,067 shares of the company’s stock valued at $3,051,000 after acquiring an additional 3,738 shares in the last quarter. Institutional investors and hedge funds own 19.25% of the company’s stock.

Forian Stock Performance

Shares of NASDAQ:FORA traded down $0.06 during trading on Tuesday, reaching $2.60. The stock had a trading volume of 8,575 shares, compared to its average volume of 25,761. Forian has a 52 week low of $1.85 and a 52 week high of $4.15. The firm’s fifty day moving average is $2.97 and its 200 day moving average is $2.75. The stock has a market cap of $80.94 million, a price-to-earnings ratio of 7.88 and a beta of 1.03.

Forian (NASDAQ:FORA) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $5.37 million during the quarter, compared to analysts’ expectations of $5.72 million.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “buy” rating and set a $5.00 price target on shares of Forian in a research note on Thursday, April 4th.

Forian Company Profile

Forian Inc provides software and information solutions, proprietary data driven insights, and predictive analytics to optimize and measure the operational, clinical, and financial performance of its life science and healthcare customers. It operates through three segments: Information & Software, Services, and Other.