Does Formula Systems 1985 Limited Adr (NASDAQ:FORTY) Have Gas After Even More Sellers Involved?

January 19, 2018 - By Peter Erickson

 Does Formula Systems 1985 Limited Adr (NASDAQ:FORTY) Have Gas After Even More Sellers Involved?

The stock of Formula Systems 1985 Limited Adr (NASDAQ:FORTY) registered an increase of 200% in short interest. FORTY’s total short interest was 900 shares in January as published by FINRA. Its up 200% from 300 shares, reported previously. With 200 shares average volume, it will take short sellers 5 days to cover their FORTY’s short positions. The short interest to Formula Systems 1985 Limited Adr’s float is 0.01%.

The stock increased 2.27% or $0.97 during the last trading session, reaching $43.7. About 2,005 shares traded or 290.08% up from the average. Formula Systems (NASDAQ:1985 Ltd) has 0.00% since January 19, 2017 and is . It has underperformed by 16.70% the S&P500.

Formula Systems Ltd. provides software services, proprietary and non-proprietary software solutions, and software product marketing and support services. The company has market cap of $597.69 million. It offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; services regarding database services and Big data services; computer systems management infrastructures, Web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies. It has a 56.24 P/E ratio. The firm also markets and sells computers and peripheral equipment to business customers; and operates a network of high-tech training and instruction centers.

More notable recent Formula Systems (NASDAQ:1985 Ltd) news were published by: Globenewswire.com which released: “L Brands to Present at the ICR Xchange Conference” on January 05, 2018, also Seekingalpha.com with their article: “L Brands: Looking Cheap At $46” published on January 10, 2018, Moodys.com published: “Moody’s assigns a Ba1 to L Brands’ proposed $500 million note offering” on January 08, 2018. More interesting news about Formula Systems (NASDAQ:1985 Ltd) were released by: Marketwatch.com and their article: “Victoria’s Secret parent L Brands, Signet could be hurt by late start to the …” published on January 17, 2018 as well as Seekingalpha.com‘s news article titled: “Why L Brands Dropped 15% Today” with publication date: January 04, 2018.

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