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

Hurco Companies, Inc. (NASDAQ:HURC) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 24,400 shares, a drop of 5.1% from the December 15th total of 25,700 shares. Based on an average trading volume of 16,400 shares, the short-interest ratio is presently 1.5 days. Currently, 0.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation raised its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 investment portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

Hurco Companies Stock Performance

Shares of Hurco Companies stock opened at $20.02 on Friday. The firm has a fifty day moving average of $20.51 and a two-hundred day moving average of $19.14. The stock 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 52 week low of $14.82 and a 52 week high of $28.20.

Hurco Companies (NASDAQ:HURC) last issued 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 net margin of 6.40% and a negative return on equity of 5.87%.

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.