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

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 16,300 shares, a decrease of 28.5% from the May 15th total of 22,800 shares. Based on an average daily volume of 25,600 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Insiders Place Their Bets

In other news, major shareholder Polar Asset Management Partner sold 3,000 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00. Following the completion of the transaction, the insider now owns 760,582 shares in the company, valued at approximately $11,796,626.82. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 9,000 shares of company stock worth $140,370 over the last ninety days. Company insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation raised its position in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & 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 accounts for 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 20th biggest holding. George Kaiser Family Foundation owned about 0.44% of Hurco Companies worth $443,000 at the end of the most recent quarter. 74.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Hurco Companies Trading Up 0.4%

Shares of Hurco Companies stock traded up $0.06 on Friday, reaching $15.46. 4,065 shares of the company were exchanged, compared to its average volume of 20,472. Hurco Companies has a fifty-two week low of $13.19 and a fifty-two week high of $23.76. The firm has a market capitalization of $100.61 million, a price-to-earnings ratio of -5.17 and a beta of 0.45. The stock has a fifty day moving average price of $14.86 and a 200-day moving average price of $17.45.

Hurco Companies (NASDAQ:HURC - Get Free Report) last posted its quarterly earnings data on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 9.54% and a negative net margin of 10.58%. The company had revenue of $40.87 million for the quarter.

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.