Formula Systems (1985) Ltd. (NASDAQ:FORTY) Sees Large Decrease in Short Interest

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,800 shares, a decline of 28.0% from the February 13th total of 2,500 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC bought a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors own 34.76% of the company’s stock.

Formula Systems (1985) Stock Down 0.1 %

NASDAQ:FORTY traded down $0.11 on Friday, hitting $97.14. The stock had a trading volume of 146 shares, compared to its average volume of 784. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The stock has a market cap of $1.49 billion, a P/E ratio of 20.15 and a beta of 1.10. Formula Systems has a 1 year low of $69.07 and a 1 year high of $100.00. The firm’s fifty day simple moving average is $92.17 and its two-hundred day simple moving average is $86.27.

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.