Short Interest in Hurco Companies, Inc. (NASDAQ:HURC) Increases By 18.9%

Hurco Companies, Inc. (NASDAQ:HURC) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 115,211 shares, a growth of 18.9% from the January 29th total of 96,878 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,923 shares, the short-interest ratio is presently 5.3 days. Based on an average daily trading volume, of 21,923 shares, the short-interest ratio is presently 5.3 days. Currently, 1.9% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research firms recently weighed in on HURC. Weiss Ratings restated a “sell (d-)” rating on shares of Hurco Companies in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Hurco Companies from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hurco Companies Trading Down 2.0%

HURC stock traded down $0.34 during midday trading on Thursday, hitting $17.06. 6,388 shares of the company’s stock were exchanged, compared to its average volume of 25,638. Hurco Companies has a 1-year low of $13.19 and a 1-year high of $21.46. The stock has a market capitalization of $112.94 million, a PE ratio of -7.29 and a beta of 0.63. The business has a 50-day simple moving average of $16.92 and a two-hundred day simple moving average of $16.94.

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

Institutional Investors Weigh In On Hurco Companies

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its holdings 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 acquiring an additional 1,733 shares during the last quarter. George Kaiser Family Foundation raised its position in Hurco Companies by 57.3% in the second quarter. George Kaiser Family Foundation now owns 44,968 shares of the scientific and technical instruments company’s stock valued at $850,000 after purchasing an additional 16,377 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Hurco Companies in the third quarter valued at approximately $992,000. Hillsdale Investment Management Inc. acquired a new position in Hurco Companies during the third quarter worth $322,000. Finally, Marshall Wace LLP boosted its position in shares of 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 worth $1,163,000 after buying an additional 48,397 shares during the period. 74.36% of the stock is currently owned by institutional investors and hedge funds.

About Hurco Companies

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.