Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Down 5.1% in January

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 24,400 shares, a decline of 5.1% from the December 31st total of 25,700 shares. Currently, 0.4% of the company's shares are short sold. Based on an average daily trading volume, of 16,400 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation raised its position in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,555 shares of the scientific and technical instruments company's stock after purchasing an additional 5,314 shares during the quarter. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 17th biggest holding. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. 74.36% of the stock is owned by hedge funds and other institutional investors.

Hurco Companies Stock Up 2.6 %

HURC stock traded up $0.56 during trading on Wednesday, reaching $22.20. The stock had a trading volume of 16,501 shares, compared to its average volume of 17,006. Hurco Companies has a one year low of $14.82 and a one year high of $28.20. The company's 50 day moving average is $20.31 and its two-hundred day moving average is $19.60. The company has a market capitalization of $147.37 million, a price-to-earnings ratio of -8.67 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC - Get Free Report) last posted its earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Hurco Companies from a "hold" rating to a "sell" rating in a research note on Wednesday.

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.