Hurco Companies, Inc. (NASDAQ:HURC) Sees Large Increase in Short Interest

Hurco Companies, Inc. (NASDAQ:HURC) was the target of a large growth in short interest in the month of 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. Based on an average trading volume of 17,700 shares, the short-interest ratio is currently 2.0 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC lifted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 about 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 74.36% of the company’s stock.

Hurco Companies Trading Up 0.9 %

Shares of HURC stock traded up $0.19 during trading on Friday, reaching $22.50. The company’s stock had a trading volume of 46,057 shares, compared to its average volume of 16,784. The stock’s 50-day moving average price is $20.23 and its 200 day moving average price is $19.86. Hurco Companies has a 1-year low of $14.82 and a 1-year high of $28.20.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings results 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 7.78% and a negative net margin of 8.90%.

Analyst Upgrades and Downgrades

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

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.