Short Interest in Forrester Research, Inc. (NASDAQ:FORR) Drops By 37.5%

Forrester Research, Inc. (NASDAQ:FORR) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 680,770 shares, a drop of 37.5% from the June 15th total of 1,089,736 shares. Approximately 5.9% of the company’s shares are short sold. Based on an average trading volume of 288,529 shares, the short-interest ratio is currently 2.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FORR. BNP Paribas Financial Markets grew its stake in shares of Forrester Research by 402.0% in the third quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock worth $66,000 after acquiring an additional 4,957 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Forrester Research by 63.2% in the 2nd quarter. Versant Capital Management Inc now owns 8,360 shares of the technology company’s stock worth $70,000 after purchasing an additional 3,237 shares during the last quarter. Strs Ohio bought a new position in Forrester Research in the 4th quarter worth about $90,000. Inscription Capital LLC purchased a new stake in Forrester Research during the 4th quarter valued at about $91,000. Finally, Corient Private Wealth LLC purchased a new stake in Forrester Research during the 4th quarter valued at about $93,000. Institutional investors own 55.20% of the company’s stock.

Forrester Research Price Performance

FORR stock opened at $10.32 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. Forrester Research has a 1 year low of $4.88 and a 1 year high of $11.57. The firm has a 50-day moving average of $7.73 and a 200 day moving average of $7.00. The company has a market cap of $200.31 million, a P/E ratio of -3.65, a PEG ratio of 1.97 and a beta of 0.97.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.16). Forrester Research had a negative net margin of 13.74% and a positive return on equity of 6.65%. The firm had revenue of $85.45 million for the quarter, compared to analysts’ expectations of $83.28 million. Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. On average, sell-side analysts forecast that Forrester Research will post 0.38 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Forrester Research in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

About Forrester Research

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.