Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Down 33.5% in August

Key Points

• Hurco Companies, Inc. experienced a 33.5% decline in short interest from July to August, leading to a current short interest of just 24,400 shares, or 0.4% of its stock.
• The company's stock price rose by 7.5% to $17.93, with a market capitalization of approximately $116.72 million and a P/E ratio of -8.54.
• Insider trading activity saw Chairman Michael Doar purchase 4,000 shares for about $62,960, raising his ownership stake in the company.

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) saw a significant decline in short interest in August. As of August 15th, there was short interest totaling 24,400 shares, adeclineof33.5% from the July 31st total of 36,700 shares. Currently,0.4% of the company's stock are short sold. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is currently 0.8 days. Currently,0.4% of the company's stock are short sold.

Hurco Companies Trading Up 7.5%

NASDAQ HURC traded up $1.25 on Friday, hitting $17.93. 38,324 shares of the stock traded hands, compared to its average volume of 25,363. The stock has a 50-day moving average of $18.82 and a 200 day moving average of $16.70. Hurco Companies has a twelve month low of $13.19 and a twelve month high of $23.76. The company has a market capitalization of $116.72 million, a P/E ratio of -8.54 and a beta of 0.54.

Hurco Companies (NASDAQ:HURC - Get Free Report) last announced its quarterly earnings data on Friday, September 5th. The scientific and technical instruments company reported ($0.58) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%. The firm had revenue of $45.81 million for the quarter. During the same quarter in the prior year, the firm earned ($1.47) EPS.

Insider Activity at Hurco Companies

In other Hurco Companies news, Chairman Michael Doar purchased 4,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were acquired at an average price of $15.74 per share, for a total transaction of $62,960.00. Following the completion of the purchase, the chairman owned 219,460 shares in the company, valued at $3,454,300.40. The trade was a 1.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 12,820 shares of company stock worth $220,491 in the last 90 days. Insiders own 8.70% of the company's stock.

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation lifted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,591 shares of the scientific and technical instruments company's stock after purchasing an additional 4,036 shares during the quarter. Hurco Companies comprises 0.1% of George Kaiser Family Foundation's portfolio, making the stock its 20th largest position. George Kaiser Family Foundation owned approximately 0.44% of Hurco Companies worth $443,000 as of its most recent filing with the Securities and Exchange Commission. 74.36% of the stock is currently 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.

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