Short Interest in Formula Systems (1985) Ltd. (NASDAQ:FORTY) Declines By 30.0%

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 700 shares, a decrease of 30.0% from the May 31st total of 1,000 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 808,061 shares of the technology company’s stock, valued at approximately $53,581,000. Clal Insurance Enterprises Holdings Ltd owned 5.27% of Formula Systems (1985) at the end of the most recent reporting period. 34.76% of the stock is owned by institutional investors and hedge funds.

Formula Systems (1985) Stock Performance

FORTY remained flat at $72.00 during mid-day trading on Friday. The company’s stock had a trading volume of 5 shares, compared to its average volume of 119. The stock has a 50 day moving average price of $75.88 and a two-hundred day moving average price of $72.79. The company has a market cap of $1.10 billion, a PE ratio of 17.06 and a beta of 1.10. Formula Systems has a 52-week low of $55.97 and a 52-week high of $86.06. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.21.

Formula Systems (1985) (NASDAQ:FORTY) last issued its quarterly earnings results on Wednesday, May 22nd. The technology company reported $1.10 earnings per share (EPS) for the quarter. The business had revenue of $698.40 million for the quarter. Formula Systems (1985) had a return on equity of 5.17% and a net margin of 2.47%.

About Formula Systems (1985)

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.