Forian Inc. (NASDAQ:FORA) Short Interest Update
by Teresa Graham · The Cerbat GemForian Inc. (NASDAQ:FORA – Get Free Report) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 105,856 shares, a decrease of 19.9% from the November 30th total of 132,092 shares. Based on an average trading volume of 19,279 shares, the days-to-cover ratio is presently 5.5 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 19,279 shares, the days-to-cover ratio is presently 5.5 days.
Forian Trading Up 0.5%
Shares of NASDAQ:FORA traded up $0.01 during midday trading on Wednesday, reaching $2.12. The company had a trading volume of 29,825 shares, compared to its average volume of 55,881. The stock has a market cap of $65.87 million, a P/E ratio of -24.33 and a beta of 1.03. The company’s 50 day moving average price is $2.17 and its 200 day moving average price is $2.11. Forian has a 52-week low of $1.64 and a 52-week high of $4.03.
Forian (NASDAQ:FORA – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). The company had revenue of $7.76 million for the quarter, compared to analyst estimates of $7.26 million.
Institutional Trading of Forian
A number of large investors have recently bought and sold shares of FORA. Caprock Group LLC purchased a new position in shares of Forian during the 3rd quarter valued at $195,000. Portland Global Advisors LLC bought a new stake in Forian in the 3rd quarter valued at about $56,000. Finally, Citadel Advisors LLC lifted its holdings in Forian by 178.2% during the third quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock valued at $86,000 after purchasing an additional 24,578 shares during the last quarter. 19.25% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Forian in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on FORA
About Forian
Forian (NASDAQ: FORA) is a global regulatory technology company offering cloud-native software solutions for enterprise risk management and financial crime compliance. The company’s platform enables financial institutions to automate and streamline regulatory reporting, transaction surveillance, market risk measurement and client onboarding processes. By consolidating data across multiple asset classes and jurisdictions, Forian helps organizations maintain compliance with evolving regulatory frameworks such as MiFID II, EMIR, Dodd-Frank, FATCA and local AML/KYC requirements.
Founded in 2013 as RegTek Solutions, the business rebranded to Forian in 2023 following a period of strategic expansion into complementary risk and compliance offerings.