Short Interest in Hurco Companies, Inc. (NASDAQ:HURC) Decreases By 11.0%

Hurco Companies, Inc. (NASDAQ:HURC) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 21,900 shares, a decline of 11.0% from the November 15th total of 24,600 shares. Based on an average trading volume of 17,200 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.4% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Hurco Companies from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Insiders Place Their Bets

In other news, major shareholder Polar Asset Management Partner sold 24,300 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $22.50, for a total value of $546,750.00. Following the sale, the insider now owns 806,943 shares of the company’s stock, valued at approximately $18,156,217.50. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation lifted its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the quarter. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Hurco Companies Trading Down 1.8 %

HURC stock traded down $0.35 during mid-day trading on Tuesday, reaching $18.75. 9,737 shares of the stock traded hands, compared to its average volume of 22,506. Hurco Companies has a 52-week low of $14.82 and a 52-week high of $28.20. The stock’s fifty day moving average is $21.48 and its 200-day moving average is $18.76. The company has a market cap of $120.94 million, a P/E ratio of -9.70 and a beta of 0.40.

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.