Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Update

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 15,300 shares, a decline of 33.2% from the March 15th total of 22,900 shares. Based on an average trading volume of 19,300 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the company's shares are short sold.

Insider Activity

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 4,510 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $22.63, for a total value of $102,061.30. Following the completion of the sale, the insider now owns 782,070 shares of the company's stock, valued at approximately $17,698,244.10. This trade represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 16,905 shares of company stock worth $319,226 in the last quarter. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC raised its holdings in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,958 shares of the scientific and technical instruments company's stock after purchasing an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent reporting period. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

Hurco Companies Stock Up 0.4 %

NASDAQ:HURC traded up $0.05 during trading hours on Monday, hitting $14.33. 40,723 shares of the company traded hands, compared to its average volume of 20,142. The company has a market cap of $92.92 million, a PE ratio of -5.60 and a beta of 0.56. The firm's 50-day simple moving average is $16.80 and its 200-day simple moving average is $19.44. Hurco Companies has a one year low of $13.22 and a one year high of $23.76.

Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The scientific and technical instruments company reported ($0.67) earnings per share (EPS) for the quarter. The firm had revenue of $46.41 million during the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Hurco Companies from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th.

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.