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

Hurco Companies, Inc. (NASDAQ:HURC) was the recipient of a large increase in short interest during the month of 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 sold short. 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 sold short.

Wall Street Analysts Forecast Growth

HURC has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Hurco Companies from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hurco Companies in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Hurco Companies Stock Down 4.4%

Shares of Hurco Companies stock opened at $16.63 on Friday. The company’s fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $16.94. Hurco Companies has a 12-month low of $13.19 and a 12-month high of $21.46. The firm has a market cap of $110.09 million, a PE ratio of -7.11 and a beta of 0.63.

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

Hedge Funds Weigh In On Hurco Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Diamond Hill Capital Management Inc. bought a new stake in Hurco Companies in the third quarter valued at $992,000. George Kaiser Family Foundation lifted its position 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 worth $850,000 after purchasing an additional 16,377 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Hurco Companies by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock worth $6,082,000 after purchasing an additional 1,733 shares during the period. Marshall Wace LLP boosted its stake in shares of Hurco Companies by 180.3% during the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock valued at $1,163,000 after purchasing an additional 48,397 shares in the last quarter. Finally, Brooklands Fund Management Ltd increased 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 buying an additional 26,000 shares during the period. Institutional investors 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.