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 December. As of December 31st, there was short interest totalling 24,400 shares, a decrease of 5.1% from the December 15th total of 25,700 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analyst Weigh In

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

Hurco Companies Trading Up 10.1 %

Shares of NASDAQ HURC opened at $20.02 on Friday. The firm has a market capitalization of $129.13 million, a price-to-earnings ratio of -7.82 and a beta of 0.43. Hurco Companies has a one year low of $14.82 and a one year high of $28.20. The business has a fifty day simple moving average of $20.51 and a 200 day simple moving average of $19.14.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) EPS for the quarter. Hurco Companies had a negative return on equity of 5.87% and a negative net margin of 6.40%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation increased its position in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the quarter. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th biggest holding. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. 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.