Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Down 5.1% in January

Hurco Companies, Inc. (NASDAQ:HURC) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 24,400 shares, a decline of 5.1% from the December 31st total of 25,700 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is presently 1.5 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Hurco Companies from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation boosted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 makes up about 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. Institutional investors and hedge funds own 74.36% of the company’s stock.

Hurco Companies Stock Performance

Shares of HURC traded down $0.44 on Monday, hitting $21.05. 4,019 shares of the stock traded hands, compared to its average volume of 17,091. The company has a market capitalization of $139.77 million, a PE ratio of -8.22 and a beta of 0.43. Hurco Companies has a one year low of $14.82 and a one year high of $28.20. The business has a 50 day simple moving average of $20.38 and a 200 day simple moving average of $19.54.

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

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.