Forian Inc. (NASDAQ:FORA) Short Interest Down 19.9% in December

Forian Inc. (NASDAQ:FORA) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 105,856 shares, a drop 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. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 19,279 shares, the days-to-cover ratio is presently 5.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Portland Global Advisors LLC acquired a new stake in shares of Forian in the 3rd quarter valued at $56,000. Citadel Advisors LLC raised its holdings in shares of Forian by 178.2% during the 3rd quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock worth $86,000 after buying an additional 24,578 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Forian during the 3rd quarter worth $195,000. 19.25% of the stock is currently owned by institutional investors and hedge funds.

Forian Stock Performance

Shares of NASDAQ FORA opened at $2.12 on Friday. The stock has a market capitalization of $65.87 million, a P/E ratio of -24.33 and a beta of 1.03. The stock’s fifty day moving average is $2.16 and its 200 day moving average is $2.11. Forian has a 52 week low of $1.64 and a 52 week high of $4.03.

Forian (NASDAQ:FORA) last announced 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 business had revenue of $7.76 million for the quarter, compared to analysts’ expectations of $7.26 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Forian in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.