Short Interest in Hurco Companies, Inc. (NASDAQ:HURC) Expands By 190.4%

Hurco Companies, Inc. (NASDAQ:HURC) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 85,518 shares, a growth of 190.4% from the December 31st total of 29,446 shares. Based on an average daily volume of 38,094 shares, the short-interest ratio is presently 2.2 days. Approximately 1.5% of the shares of the stock are sold short. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 38,094 shares, the short-interest ratio is presently 2.2 days.

Hurco Companies Trading Down 1.4%

Hurco Companies stock opened at $16.74 on Thursday. The stock has a fifty day moving average price of $16.00 and a 200 day moving average price of $17.25. Hurco Companies has a 52 week low of $13.19 and a 52 week high of $23.45. The firm has a market capitalization of $107.30 million, a P/E ratio of -7.15 and a beta of 0.65.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings results on Friday, January 9th. The scientific and technical instruments company reported ($0.47) earnings per share for the quarter. The company had revenue of $45.47 million during the quarter. Hurco Companies had a negative net margin of 8.47% and a negative return on equity of 7.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HURC shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a report on Thursday, January 22nd. Wall Street Zen lowered Hurco Companies from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Hurco Companies currently has an average rating of “Sell”.

Institutional Trading of Hurco Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. purchased a new position in Hurco Companies in the third quarter valued at approximately $992,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Hurco Companies in the third quarter worth $322,000. George Kaiser Family Foundation raised its stake in shares of Hurco Companies by 57.3% in the 2nd quarter. George Kaiser Family Foundation now owns 44,968 shares of the scientific and technical instruments company’s stock valued at $850,000 after acquiring an additional 16,377 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Hurco Companies by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock valued at $6,082,000 after acquiring an additional 1,733 shares in the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

Hurco Companies Company Profile

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.