Hurco Companies, Inc. (NASDAQ:HURC) Sees Significant Growth in Short Interest

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 35,300 shares, an increase of 39.0% from the January 15th total of 25,400 shares. Approximately 0.6% of the company's shares are short sold. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Hurco Companies from a "hold" rating to a "sell" rating in a report on Wednesday, February 5th.

Hurco Companies Stock Performance

Shares of HURC stock traded down $0.48 during midday trading on Tuesday, hitting $22.03. 29,662 shares of the company were exchanged, compared to its average volume of 19,585. The firm has a market capitalization of $146.25 million, a P/E ratio of -8.60 and a beta of 0.43. The firm's 50 day moving average price is $20.25 and its two-hundred day moving average price is $19.92. Hurco Companies has a 52 week low of $14.82 and a 52 week high of $28.20.

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

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation boosted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,555 shares of the scientific and technical instruments company's stock after acquiring an additional 5,314 shares during the quarter. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation's portfolio, making the stock its 17th largest position. 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 hedge funds and other institutional investors.

About Hurco Companies

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.