Hurco Companies, Inc. (NASDAQ:HURC) Sees Large Drop in Short Interest

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

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation raised its position in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,555 shares of the scientific and technical instruments company's stock after acquiring an additional 5,314 shares during the period. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation's holdings, 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 quarter. 74.36% of the stock is owned by institutional investors and hedge funds.

Hurco Companies Trading Up 10.1 %

NASDAQ HURC traded up $1.83 during trading on Friday, reaching $20.02. 18,903 shares of the company's stock traded hands, compared to its average volume of 14,817. Hurco Companies has a 12-month low of $14.82 and a 12-month high of $28.20. The company's 50 day simple moving average is $20.51 and its two-hundred day simple moving average is $19.14.

Hurco Companies (NASDAQ:HURC - Get Free Report) last announced 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 net margin of 6.40% and a negative return on equity of 5.87%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Hurco Companies from a "sell" rating to a "hold" rating in a research report on Friday, December 6th.

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.