Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Down 11.6% in February

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 31,200 shares, a decline of 11.6% from the January 31st total of 35,300 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Ratings Changes

Separately, StockNews.com downgraded Hurco Companies from a "hold" rating to a "sell" rating in a research report on Tuesday, March 4th.

Insider Activity at Hurco Companies

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 3,395 shares of Hurco Companies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total value of $76,794.90. Following the completion of the sale, the insider now directly owns 775,582 shares of the company's stock, valued at approximately $17,543,664.84. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

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Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation increased its position in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,555 shares of the scientific and technical instruments company's stock after buying an additional 5,314 shares during the quarter. Hurco Companies comprises about 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 17th biggest position. 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 currently owned by institutional investors and hedge funds.

Hurco Companies Price Performance

NASDAQ:HURC traded down $0.60 during mid-day trading on Monday, reaching $16.66. The company's stock had a trading volume of 18,636 shares, compared to its average volume of 19,701. Hurco Companies has a twelve month low of $14.82 and a twelve month high of $23.76. The company's fifty day simple moving average is $20.15 and its two-hundred day simple moving average is $20.14. The stock has a market cap of $110.69 million, a P/E ratio of -6.51 and a beta of 0.42.

Hurco Companies (NASDAQ:HURC - Get Free Report) last released its earnings results on Friday, March 7th. The scientific and technical instruments company reported ($0.67) 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%. The company had revenue of $46.41 million during the quarter.

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.