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

Hurco Companies, Inc. (NASDAQ:HURC) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 22,300 shares, an increase of 92.2% from the August 31st total of 11,600 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its position in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 16.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 28,591 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,036 shares during the quarter. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 20th largest position. George Kaiser Family Foundation owned about 0.44% of Hurco Companies worth $443,000 at the end of the most recent quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

Hurco Companies Stock Performance

Shares of NASDAQ:HURC opened at $18.21 on Tuesday. The company’s fifty day moving average is $17.98 and its two-hundred day moving average is $16.74. Hurco Companies has a 1-year low of $13.19 and a 1-year high of $23.76. The stock has a market capitalization of $116.54 million, a price-to-earnings ratio of -8.67 and a beta of 0.56.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings results on Friday, September 5th. The scientific and technical instruments company reported ($0.58) earnings per share (EPS) for the quarter. The company had revenue of $45.81 million during the quarter. Hurco Companies had a negative return on equity of 6.67% and a negative net margin of 7.24%.During the same quarter last year, the business posted ($1.47) earnings per share.

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.