Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Up 18.9% in February

Hurco Companies, Inc. (NASDAQ:HURC) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 115,211 shares, an increase of 18.9% from the January 29th total of 96,878 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average trading volume of 21,923 shares, the days-to-cover ratio is currently 5.3 days. Based on an average trading volume of 21,923 shares, the days-to-cover ratio is currently 5.3 days. Currently, 1.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HURC. Diamond Hill Capital Management Inc. bought a new position in shares of Hurco Companies in the third quarter worth approximately $992,000. Marshall Wace LLP grew its stake in Hurco Companies by 180.3% during the fourth quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock valued at $1,163,000 after acquiring an additional 48,397 shares in the last quarter. Brooklands Fund Management Ltd grew its position in shares of Hurco Companies by 9.3% during the fourth quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company’s stock valued at $5,056,000 after purchasing an additional 26,000 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Hurco Companies during the 3rd quarter valued at approximately $322,000. Finally, George Kaiser Family Foundation raised its holdings in shares of Hurco Companies by 57.3% during the 2nd quarter. George Kaiser Family Foundation now owns 44,968 shares of the scientific and technical instruments company’s stock worth $850,000 after acquiring an additional 16,377 shares in the last quarter. 74.36% of the stock is currently owned by institutional investors.

Hurco Companies Stock Performance

Shares of NASDAQ HURC traded up $0.10 during midday trading on Wednesday, hitting $17.40. 9,138 shares of the stock traded hands, compared to its average volume of 18,865. Hurco Companies has a one year low of $13.19 and a one year high of $21.46. The firm has a market capitalization of $115.19 million, a P/E ratio of -7.44 and a beta of 0.63. The firm has a 50-day moving average of $16.92 and a two-hundred day moving average of $16.94.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Hurco Companies in a research note on Thursday, January 22nd. Wall Street Zen upgraded Hurco Companies from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hurco Companies currently has an average rating of “Sell”.

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.