Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Down 11.6% in February

Hurco Companies, Inc. (NASDAQ:HURC) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 31,200 shares, a drop of 11.6% from the January 31st total of 35,300 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,400 shares, the short-interest ratio is presently 1.6 days.

Hurco Companies Stock Up 2.0 %

Hurco Companies stock traded up $0.36 during mid-day trading on Thursday, reaching $18.06. 6,556 shares of the company’s stock traded hands, compared to its average volume of 19,230. Hurco Companies has a 12-month low of $14.82 and a 12-month high of $28.20. The company has a market cap of $119.99 million, a price-to-earnings ratio of -7.05 and a beta of 0.43. The stock has a 50 day moving average of $20.23 and a two-hundred day moving average of $20.13.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) EPS for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

Insider Activity

In other news, major shareholder Polar Asset Management Partner sold 4,510 shares of Hurco Companies stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $22.63, for a total value of $102,061.30. Following the sale, the insider now directly owns 782,070 shares of the company’s stock, valued at approximately $17,698,244.10. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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 increased its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the quarter. Hurco Companies comprises approximately 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest holding. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. 74.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hurco Companies from a “hold” rating to a “sell” rating in a research note on Tuesday.

Hurco Companies Company Profile

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.