Forrester Research, Inc. (NASDAQ:FORR) Short Interest Down 10.9% in October

Forrester Research, Inc. (NASDAQ:FORR) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 321,400 shares, a drop of 10.9% from the October 15th total of 360,800 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average trading volume of 73,400 shares, the short-interest ratio is currently 4.4 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th.

Forrester Research Stock Performance

Shares of FORR stock traded up $0.14 during trading hours on Tuesday, reaching $16.54. The company had a trading volume of 20,336 shares, compared to its average volume of 116,454. The business has a fifty day moving average price of $16.59 and a 200-day moving average price of $17.54. Forrester Research has a one year low of $14.38 and a one year high of $27.89. The firm has a market cap of $314.26 million, a PE ratio of -47.00, a price-to-earnings-growth ratio of 1.30 and a beta of 0.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98.

Hedge Funds Weigh In On Forrester Research

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in shares of Forrester Research in the first quarter worth approximately $812,000. Millennium Management LLC lifted its holdings in 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 in the last quarter. Assenagon Asset Management S.A. purchased a new position in Forrester Research during the second quarter valued at approximately $995,000. Cubist Systematic Strategies LLC lifted its holdings 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 valued at $1,470,000 after purchasing an additional 45,315 shares in the last quarter. Finally, AXA S.A. purchased a new position in Forrester Research during the second quarter valued at approximately $803,000. Hedge funds and other institutional investors own 55.20% of the company’s stock.

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.