Short Interest in Hurco Companies, Inc. (NASDAQ:HURC) Declines By 5.1%

Hurco Companies, Inc. (NASDAQ:HURCGet Free Report) was the target of a significant drop in short interest in 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 daily trading volume, of 16,400 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com lowered Hurco Companies from a “hold” rating to a “sell” rating in a research report on Monday.

Get Our Latest Report on Hurco Companies

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in Hurco Companies, Inc. (NASDAQ:HURCFree Report) by 27.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 accounts for approximately 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Hurco Companies Stock Performance

Shares of HURC opened at $20.02 on Tuesday. The company has a market capitalization of $129.13 million, a PE ratio of -7.82 and a beta of 0.43. The company’s 50 day moving average price is $20.47 and its 200 day moving average price is $19.20. Hurco Companies has a 52 week low of $14.82 and a 52 week high of $28.20.

Hurco Companies (NASDAQ:HURCGet Free Report) 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 net margin of 6.40% and a negative return on equity of 5.87%.

About Hurco Companies

(Get Free Report)

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.

Further Reading

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