Short Interest in Hurco Companies, Inc. (NASDAQ:HURC) Expands By 24.1%
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%.
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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