Short Interest in Forian Inc. (NASDAQ:FORA) Declines By 17.2%

Forian Inc. (NASDAQ:FORA) saw a large drop in short interest in April. As of April 15th, there was short interest totaling 50,599 shares, a drop of 17.2% from the March 31st total of 61,144 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 33,432 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of Forian

Several institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC increased 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 acquiring an additional 24,578 shares during the last quarter. OpenArc Corporate Advisory LLC acquired a new position in shares of Forian in the fourth quarter valued at $173,000. XTX Topco Ltd bought a new position in shares of Forian in the fourth quarter valued at about $37,000. Diversified Investment Strategies LLC acquired a new stake in shares of Forian during the 1st quarter worth about $99,000. Finally, Portland Global Advisors LLC bought a new stake in shares of Forian during the 3rd quarter worth about $56,000. Institutional investors own 19.25% of the company’s stock.

Forian Stock Performance

FORA traded down $0.01 on Friday, hitting $2.15. 13,389 shares of the company were exchanged, compared to its average volume of 24,293. The company has a market cap of $67.10 million, a PE ratio of -23.89 and a beta of 0.99. Forian has a 12 month low of $1.64 and a 12 month high of $2.71. The stock’s fifty day moving average is $2.10 and its 200-day moving average is $2.13.

Forian (NASDAQ:FORA) last announced its quarterly earnings data on Friday, March 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $7.96 million during the quarter, compared to the consensus estimate of $7.70 million.

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.