Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Up 39.0% in January

Hurco Companies, Inc. (NASDAQ:HURC) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 35,300 shares, a growth of 39.0% from the January 15th total of 25,400 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 17,700 shares, the days-to-cover ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Hurco Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th.

Hurco Companies Trading Up 0.9 %

HURC stock traded up $0.19 during trading on Friday, reaching $22.50. The stock had a trading volume of 46,057 shares, compared to its average volume of 16,784. Hurco Companies has a one year low of $14.82 and a one year high of $28.20. The company’s 50 day moving average is $20.23 and its two-hundred day moving average is $19.86.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC boosted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 188,958 shares of the scientific and technical instruments company’s stock after buying an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 as of its most recent SEC filing. 74.36% of the stock is owned by institutional investors.

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.