Hurco Companies, Inc. (NASDAQ:HURC) Sees Significant Decline in Short Interest

Hurco Companies, Inc. (NASDAQ:HURC) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 31,200 shares, a decrease of 11.6% from the January 31st total of 35,300 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is currently 1.6 days.

Hurco Companies Price Performance

HURC stock traded up $0.36 during mid-day trading on Thursday, reaching $18.06. The company had a trading volume of 6,556 shares, compared to its average volume of 19,230. The firm has a 50 day moving average of $20.23 and a 200 day moving average of $20.13. Hurco Companies has a 12 month low of $14.82 and a 12 month high of $28.20. The company has a market capitalization of $119.99 million, a PE ratio of -7.05 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Hurco Companies from a “hold” rating to a “sell” rating in a report on Tuesday.

Insider Buying and Selling

In related news, major shareholder Polar Asset Management Partner sold 4,510 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $22.63, for a total transaction of $102,061.30. Following the completion of the transaction, the insider now owns 782,070 shares in the company, valued at $17,698,244.10. The trade was a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation boosted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,314 shares during the period. Hurco Companies comprises about 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. Institutional investors own 74.36% of the company’s stock.

Hurco Companies Company Profile

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.