Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Up 18.9% in February

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. Based on an average trading volume of 21,923 shares, the short-interest ratio is currently 5.3 days. Currently, 1.9% of the company’s shares are sold short. Currently, 1.9% of the company’s shares are sold short. Based on an average trading volume of 21,923 shares, the short-interest ratio is currently 5.3 days.

Institutional Investors Weigh In On Hurco Companies

A number of institutional investors have recently added to or reduced their stakes in HURC. Hillsdale Investment Management Inc. bought a new position in shares of Hurco Companies in the third quarter worth $322,000. George Kaiser Family Foundation boosted its position in Hurco Companies by 57.3% during 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 buying an additional 16,377 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Hurco Companies during the 3rd quarter valued at about $992,000. Marshall Wace LLP grew its position in Hurco Companies by 180.3% during the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock worth $1,163,000 after acquiring an additional 48,397 shares during the last quarter. Finally, Brooklands Fund Management Ltd increased its stake in shares of Hurco Companies by 9.3% in the fourth quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company’s stock worth $5,056,000 after buying an additional 26,000 shares during the period. 74.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hurco Companies Stock Up 0.6%

HURC stock traded up $0.10 during midday trading on Wednesday, reaching $17.40. 9,138 shares of the company’s stock traded hands, compared to its average volume of 18,865. The firm’s fifty day moving average price is $16.92 and its 200-day moving average price is $16.94. Hurco Companies has a 52 week low of $13.19 and a 52 week high of $21.46. The company has a market cap of $115.19 million, a price-to-earnings ratio of -7.44 and a beta of 0.63.

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

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.