Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Up 50.2% in July

Hurco Companies, Inc. (NASDAQ:HURC) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 38,900 shares, agrowthof50.2% from the June 30th total of 25,900 shares. Currently,0.7% of the shares of the company are sold short. Based on an average daily volume of 36,800 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 36,800 shares, the short-interest ratio is currently 1.1 days. Currently,0.7% of the shares of the company are sold short.

Insider Transactions at Hurco Companies

In related news, Chairman Michael Doar purchased 4,000 shares of the business’s stock in a transaction on Monday, June 23rd. The shares were bought at an average cost of $15.74 per share, with a total value of $62,960.00. Following the transaction, the chairman owned 219,460 shares of the company’s stock, valued at approximately $3,454,300.40. This trade represents a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 12,820 shares of company stock worth $220,491 in the last three months. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,591 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,036 shares during the quarter. Hurco Companies makes up 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 20th biggest position. George Kaiser Family Foundation owned about 0.44% of Hurco Companies worth $443,000 as of its most recent filing with the Securities & Exchange Commission. 74.36% of the stock is owned by hedge funds and other institutional investors.

Hurco Companies Stock Down 1.3%

HURC stock opened at $18.78 on Friday. Hurco Companies has a 52-week low of $13.19 and a 52-week high of $23.76. The company’s 50-day simple moving average is $17.81 and its 200-day simple moving average is $17.30. The firm has a market cap of $122.26 million, a P/E ratio of -6.28 and a beta of 0.55.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings data on Friday, June 6th. The scientific and technical instruments company reported ($0.62) EPS for the quarter. The business had revenue of $40.87 million during the quarter. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%.

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.