Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Down 14.8% in September

Hurco Companies, Inc. (NASDAQ:HURC) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 51,400 shares, a drop of 14.8% from the August 31st total of 60,300 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 15,400 shares, the days-to-cover ratio is currently 3.3 days.

NASDAQ:HURC traded down $0.45 on Thursday, reaching $27.95. 9,702 shares of the company’s stock traded hands, compared to its average volume of 23,319. The stock has a 50-day simple moving average of $29.81 and a 200-day simple moving average of $28.77. The firm has a market cap of $186.45 million, a PE ratio of 26.30 and a beta of 0.77. Hurco Companies has a 12 month low of $20.39 and a 12 month high of $39.38.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings data on Friday, September 4th. The scientific and technical instruments company reported $0.32 earnings per share for the quarter. Hurco Companies had a return on equity of 3.09% and a net margin of 3.92%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.86%.

In other Hurco Companies news, Director Richard R. Porter sold 2,187 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $29.42, for a total transaction of $64,341.54. Following the sale, the director now directly owns 12,526 shares of the company’s stock, valued at $368,514.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its stake in Hurco Companies by 30.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,974 shares of the scientific and technical instruments company’s stock valued at $57,000 after acquiring an additional 455 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hurco Companies by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 114,701 shares of the scientific and technical instruments company’s stock worth $3,337,000 after purchasing an additional 3,768 shares during the period. Wellington Management Group LLP raised its holdings in Hurco Companies by 13.5% in the 1st quarter. Wellington Management Group LLP now owns 299,306 shares of the scientific and technical instruments company’s stock worth $8,710,000 after purchasing an additional 35,700 shares during the period. State Street Corp raised its holdings in Hurco Companies by 2.4% in the 1st quarter. State Street Corp now owns 120,536 shares of the scientific and technical instruments company’s stock worth $3,523,000 after purchasing an additional 2,872 shares during the period. Finally, Polar Asset Management Partners Inc. raised its holdings in Hurco Companies by 32.6% during the first quarter. Polar Asset Management Partners Inc. now owns 371,571 shares of the scientific and technical instruments company’s stock valued at $10,813,000 after acquiring an additional 91,284 shares during the period. Institutional investors own 79.58% of the company’s stock.

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. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.

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