Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Update

Hurco Companies, Inc. (NASDAQ:HURC) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 21,900 shares, a decrease of 11.0% from the November 15th total of 24,600 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 17,200 shares, the days-to-cover ratio is presently 1.3 days.

Insider Buying and Selling at Hurco Companies

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $22.50, for a total transaction of $546,750.00. Following the transaction, the insider now directly owns 806,943 shares of the company’s stock, valued at $18,156,217.50. This represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 7.20% of the company’s stock.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation bought a new stake in Hurco Companies, Inc. (NASDAQ:HURC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies makes up about 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned about 0.30% of Hurco Companies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 74.36% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Hurco Companies from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Hurco Companies Stock Down 2.7 %

NASDAQ:HURC opened at $18.58 on Tuesday. The firm has a market cap of $119.84 million, a PE ratio of -9.70 and a beta of 0.40. The company’s 50-day moving average price is $21.48 and its two-hundred day moving average price is $18.76. Hurco Companies has a 12 month low of $14.82 and a 12 month high of $28.20.

About Hurco Companies

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.