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

Hurco Companies, Inc. (NASDAQ:HURC) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 24,400 shares, a decline 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 shares of the stock are sold short.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation lifted its position in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 comprises approximately 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. 74.36% of the stock is owned by institutional investors.

Hurco Companies Stock Performance

Hurco Companies stock opened at $20.02 on Tuesday. The firm has a market cap of $129.13 million, a price-to-earnings ratio of -7.82 and a beta of 0.43. Hurco Companies has a 1 year low of $14.82 and a 1 year high of $28.20. The firm’s 50 day moving average price is $20.47 and its two-hundred day moving average price is $19.20.

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a report on Monday.

Hurco Companies Company Profile

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.