Formula Systems (1985) Ltd. (NASDAQ:FORTY) Short Interest Up 440.0% in February

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 54 shares, a growth of 440.0% from the January 29th total of 10 shares. Based on an average daily volume of 385 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 385 shares, the short-interest ratio is currently 0.1 days.

Formula Systems (1985) Stock Performance

FORTY stock opened at $121.86 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.58 and a current ratio of 1.60. Formula Systems has a twelve month low of $82.52 and a twelve month high of $190.56. The business has a fifty day moving average of $156.75 and a 200-day moving average of $148.95.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Formula Systems (1985) in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On Formula Systems (1985)

Several institutional investors have recently modified their holdings of the business. Altshuler Shaham Ltd raised its stake in shares of Formula Systems (1985) by 30.8% during the fourth quarter. Altshuler Shaham Ltd now owns 7,015 shares of the technology company’s stock worth $1,182,000 after buying an additional 1,650 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of Formula Systems (1985) by 10.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 7,716 shares of the technology company’s stock valued at $1,082,000 after acquiring an additional 755 shares during the last quarter. CX Institutional acquired a new position in shares of Formula Systems (1985) in the 3rd quarter valued at $398,000. Raymond James Financial Inc. bought a new position in shares of Formula Systems (1985) in the 2nd quarter worth $73,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Formula Systems (1985) in the 2nd quarter worth $222,000. Institutional investors and hedge funds own 34.76% of the company’s stock.

Formula Systems (1985) Company Profile

Formula Systems (1985) Ltd is an Israeli publicly traded holding company specializing in the software and information technology sectors. Founded in 1985 and listed on NASDAQ under the ticker FORTY, the company focuses on acquiring, investing in and developing independent software firms. Its core mission is to foster innovation in enterprise software, cybersecurity and digital transformation solutions.

The company’s principal activities center on holding controlling and significant equity stakes in several market-leading software enterprises.