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

Hurco Companies, Inc. (NASDAQ:HURC) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 21,900 shares, a decline of 11.0% from the November 15th total of 24,600 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 17,200 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Hurco Companies from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

Insiders Place Their Bets

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $22.50, for a total transaction of $546,750.00. Following the completion of the transaction, the insider now owns 806,943 shares of the company’s stock, valued at approximately $18,156,217.50. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.20% of the company’s stock.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation acquired a new position in Hurco Companies, Inc. (NASDAQ:HURC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned approximately 0.30% of Hurco Companies as of its most recent filing with the Securities and Exchange Commission. 74.36% of the stock is owned by institutional investors.

Hurco Companies Stock Performance

Hurco Companies stock opened at $18.58 on Tuesday. The firm has a market cap of $119.84 million, a price-to-earnings ratio of -9.70 and a beta of 0.40. Hurco Companies has a 52-week low of $14.82 and a 52-week high of $28.20. The firm has a 50 day moving average price of $21.48 and a two-hundred day moving average price of $18.76.

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.