Forian Inc. (NASDAQ:FORA) Short Interest Update

Forian Inc. (NASDAQ:FORA) was the target of 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 short sold. Based on an average daily volume of 33,432 shares, the days-to-cover ratio is presently 1.5 days.

Forian Trading Down 0.5%

NASDAQ:FORA traded down $0.01 on Friday, reaching $2.15. 13,389 shares of the stock traded hands, compared to its average volume of 24,293. The company has a market capitalization of $67.10 million, a price-to-earnings 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 company’s fifty day simple moving average is $2.10 and its 200 day simple moving average is $2.13.

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

Institutional Trading of Forian

A number of institutional investors and hedge funds have recently bought and sold shares of FORA. Caprock Group LLC bought a new stake in Forian during the 3rd quarter valued at about $195,000. Portland Global Advisors LLC purchased a new stake in shares of Forian during the 3rd quarter valued at about $56,000. Citadel Advisors LLC boosted 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 valued at $86,000 after acquiring an additional 24,578 shares during the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in shares of Forian during the 4th quarter valued at about $173,000. Finally, XTX Topco Ltd purchased a new stake in shares of Forian during the 4th quarter valued at about $37,000. 19.25% of the stock is currently owned by 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.