Hurco Companies, Inc. (NASDAQ:HURC) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 41,700 shares, a growth of 24.1% from the April 30th total of 33,600 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 23,000 shares, the short-interest ratio is presently 1.8 days.

HURC traded up $0.20 on Thursday, reaching $36.05. The company had a trading volume of 409 shares, compared to its average volume of 20,142. Hurco Companies has a fifty-two week low of $31.96 and a fifty-two week high of $47.25. The firm has a market cap of $241.79 million, a P/E ratio of 9.16 and a beta of 0.74.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.12 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.33%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its stake in Hurco Companies by 520.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,316 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 1,104 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Hurco Companies by 82.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,658 shares of the scientific and technical instruments company’s stock valued at $59,000 after purchasing an additional 749 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in Hurco Companies by 367.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,223 shares of the scientific and technical instruments company’s stock valued at $79,000 after purchasing an additional 1,747 shares during the period. SG Americas Securities LLC bought a new stake in Hurco Companies in the 1st quarter valued at about $200,000. Finally, Sheets Smith Wealth Management bought a new stake in Hurco Companies in the 1st quarter valued at about $219,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Several research analysts have recently weighed in on HURC shares. BidaskClub lowered shares of Hurco Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. ValuEngine lowered shares of Hurco Companies from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd.

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. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.

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