Hurco Companies, Inc. (NASDAQ:HURC) Stock Short Interest Report for September

Hurco Companies, Inc. (NASDAQ:HURC) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 9,489 shares, a decline of 74.5% from the September 15th total of 37,282 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 16,958 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

HURC has been the topic of several analyst reports. Wall Street Zen upgraded Hurco Companies from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Hurco Companies in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Hurco Companies

Hedge funds have recently made changes to their positions in the business. State of Wyoming bought a new stake in shares of Hurco Companies during the 2nd quarter worth about $199,000. Susquehanna International Group LLP bought a new position in shares of Hurco Companies in the second quarter valued at approximately $202,000. Hsbc Holdings PLC bought a new position in shares of Hurco Companies in the second quarter valued at approximately $357,000. GSA Capital Partners LLP acquired a new position in shares of Hurco Companies during the second quarter valued at approximately $499,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Hurco Companies during the second quarter valued at approximately $511,000. Institutional investors own 74.36% of the company’s stock.

Hurco Companies Trading Down 1.0%

Hurco Companies stock traded down $0.20 during midday trading on Tuesday, hitting $21.04. The stock had a trading volume of 6,165 shares, compared to its average volume of 27,140. The business has a fifty day moving average price of $22.14 and a 200 day moving average price of $20.04. Hurco Companies has a 12 month low of $14.50 and a 12 month high of $24.49. The stock has a market cap of $136.22 million, a P/E ratio of -20.42 and a beta of 0.71.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings results on Friday, September 4th. The scientific and technical instruments company reported $0.35 earnings per share for the quarter. Hurco Companies had a negative return on equity of 3.37% and a negative net margin of 3.58%. The business had revenue of $47.29 million during the quarter.

Hurco Companies Company Profile

Hurco Companies, Inc is an industrial technology company that designs, manufactures, and sells computerized machine tools and related software. Its products are used by manufacturers for precision metalworking, including the production of components for the aerospace, automotive, medical, energy, and general industrial sectors.

The company’s product portfolio includes computer numerical control (CNC) machining centers, turning centers, and other machine tools, along with integrated CNC controls and manufacturing software.