Forian Inc. (NASDAQ:FORA) Short Interest Down 13.0% in March

Forian Inc. (NASDAQ:FORA) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 60,250 shares, a decrease of 13.0% from the February 26th total of 69,214 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 19,764 shares, the short-interest ratio is currently 3.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Forian in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Forian Stock Up 0.5%

Shares of FORA opened at $2.08 on Thursday. The company has a market capitalization of $64.63 million, a price-to-earnings ratio of -23.11 and a beta of 1.02. Forian has a 52 week low of $1.64 and a 52 week high of $2.71. The stock’s 50-day moving average price is $2.08 and its 200-day moving average price is $2.15.

Forian (NASDAQ:FORA) last announced its quarterly earnings results 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 business had revenue of $7.96 million during the quarter, compared to the consensus estimate of $7.70 million.

Institutional Trading of Forian

A number of hedge funds have recently added to or reduced their stakes in FORA. XTX Topco Ltd acquired a new stake in Forian during the fourth quarter valued at $37,000. OpenArc Corporate Advisory LLC acquired a new position in shares of Forian in the fourth quarter worth about $173,000. Citadel Advisors LLC boosted its stake 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 in the last quarter. Portland Global Advisors LLC purchased a new stake in shares of Forian during the 3rd quarter worth about $56,000. Finally, Caprock Group LLC acquired a new stake in shares of Forian during the 3rd quarter valued at about $195,000. 19.25% of the stock is owned by hedge funds and other institutional investors.

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.