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

Hurco Companies, Inc. (NASDAQ:HURC) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 10,500 shares, a drop of 52.9% from the September 15th total of 22,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 34,200 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 34,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation boosted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 16.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,591 shares of the scientific and technical instruments company’s stock after buying an additional 4,036 shares during the quarter. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 20th largest holding. George Kaiser Family Foundation owned about 0.44% of Hurco Companies worth $443,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Hurco Companies Stock Up 0.9%

Hurco Companies stock opened at $18.38 on Wednesday. Hurco Companies has a 12-month low of $13.19 and a 12-month high of $23.76. The firm’s fifty day moving average is $17.67 and its 200 day moving average is $16.91. The company has a market capitalization of $117.63 million, a PE ratio of -8.75 and a beta of 0.56.

Hurco Companies (NASDAQ:HURC) last released its earnings results on Friday, September 5th. The scientific and technical instruments company reported ($0.58) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 7.24% and a negative return on equity of 6.67%. The company had revenue of $45.81 million for the quarter. During the same quarter in the previous year, the firm earned ($1.47) EPS.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hurco Companies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Hurco Companies presently has an average rating of “Sell”.

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.