Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 72 shares, a drop of 51.0% from the July 15th total of 147 shares. Based on an average daily trading volume, of 627 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional Trading of Formula Systems (1985)
A number of hedge funds and other institutional investors have recently modified their holdings of FORTY. Dimensional Fund Advisors LP raised its stake in shares of Formula Systems (1985) by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,315 shares of the technology company’s stock valued at $391,000 after purchasing an additional 86 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Formula Systems (1985) during the 2nd quarter valued at about $73,000. Altshuler Shaham Ltd raised its stake in shares of Formula Systems (1985) by 10.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,742 shares of the technology company’s stock worth $926,000 after buying an additional 727 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Formula Systems (1985) in the 1st quarter worth approximately $206,000. 34.76% of the stock is owned by hedge funds and other institutional investors.
Formula Systems (1985) Price Performance
FORTY stock traded up $0.63 on Monday, reaching $109.88. The company had a trading volume of 418 shares, compared to its average volume of 618. The company’s fifty day moving average is $110.38 and its 200 day moving average is $124.63. Formula Systems has a 1 year low of $102.01 and a 1 year high of $190.56. The company has a market cap of $1.68 billion, a P/E ratio of 2.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.66 and a current ratio of 1.68.
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.
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