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

Hurco Companies, Inc. (NASDAQ:HURC) saw a large growth in short interest in 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. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the company’s shares are sold short.

Hurco Companies Price Performance

NASDAQ:HURC traded down $0.11 during trading hours on Friday, hitting $18.19. 26,284 shares of the company were exchanged, compared to its average volume of 23,826. The stock has a market capitalization of $118.65 million, a price-to-earnings ratio of -39.54 and a beta of 0.37. Hurco Companies has a 52-week low of $14.82 and a 52-week high of $28.20. The company’s 50 day moving average price is $17.43 and its 200-day moving average price is $17.80.

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a research report on Thursday, June 6th.

Insider Activity at Hurco Companies

In other Hurco Companies news, CFO Sonja K. Mcclelland purchased 1,950 shares of Hurco Companies stock in a transaction dated Tuesday, July 9th. The stock was acquired at an average price of $15.32 per share, for a total transaction of $29,874.00. Following the acquisition, the chief financial officer now owns 81,266 shares in the company, valued at approximately $1,244,995.12. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased 2,915 shares of company stock worth $44,565 in the last 90 days. 7.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC raised its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 16.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,603 shares of the scientific and technical instruments company’s stock after buying an additional 31,026 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 3.33% of Hurco Companies worth $4,367,000 as of its most recent SEC filing. Institutional investors own 74.36% of the company’s stock.

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.