Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Up 232.5% in September

Hurco Companies, Inc. (NASDAQ:HURC) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 25,600 shares, a growth of 232.5% from the August 31st total of 7,700 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 16,400 shares, the days-to-cover ratio is presently 1.6 days.

Hurco Companies Stock Performance

NASDAQ:HURC traded down $0.11 during trading hours on Friday, reaching $18.19. The company’s stock had a trading volume of 26,284 shares, compared to its average volume of 23,826. The firm has a market capitalization of $118.65 million, a price-to-earnings ratio of -39.54 and a beta of 0.37. The firm has a 50-day simple moving average of $17.43 and a 200-day simple moving average of $17.80. Hurco Companies has a 1 year low of $14.82 and a 1 year high of $28.20.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, September 6th. The scientific and technical instruments company reported ($1.47) earnings per share for the quarter. Hurco Companies had a negative return on equity of 5.87% and a negative net margin of 6.40%. The business had revenue of $42.65 million during the quarter.

Insider Buying and Selling at Hurco Companies

In related news, CFO Sonja K. Mcclelland acquired 1,950 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were purchased at an average price of $15.32 per share, for a total transaction of $29,874.00. Following the completion of the acquisition, the chief financial officer now owns 81,266 shares of the company’s stock, valued at $1,244,995.12. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have bought 2,915 shares of company stock valued at $44,565. 7.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation acquired a new position in Hurco Companies, Inc. (NASDAQ:HURC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned about 0.30% of Hurco Companies as of its most recent filing with the Securities & Exchange Commission. 74.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a research report on Thursday, June 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.