Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Up 92.2% in September

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 22,300 shares, an increase of 92.2% from the August 31st total of 11,600 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 37,700 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company's shares are short sold.Get Hurco Companies alerts:Wall Street Analysts Forecast GrowthSeparately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Hurco Companies in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".Read Our Latest Stock Analysis on HURCInstitutional Investors Weigh In On Hurco CompaniesAn institutional investor recently raised its position in Hurco Companies stock. Ameriprise Financial Inc. raised its holdings in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,811 shares of the scientific and technical instruments company's stock after purchasing an additional 1,733 shares during the period. Ameriprise Financial Inc. owned 4.94% of Hurco Companies worth $6,082,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 74.36% of the company's stock. Hurco Companies Stock Up 1.5%Shares of NASDAQ HURC traded up $0.26 during mid-day trading on Friday, reaching $18.14. 10,242 shares of the company were exchanged, compared to its average volume of 48,687. Hurco Companies has a twelve month low of $13.19 and a twelve month high of $23.76. The stock has a market capitalization of $116.10 million, a P/E ratio of -8.64 and a beta of 0.56. The company's 50-day simple moving average is $18.00 and its 200-day simple moving average is $16.72. Hurco Companies (NASDAQ:HURC - Get Free Report) last released its earnings results on Friday, September 5th. The scientific and technical instruments company reported ($0.58) EPS for the quarter. Hurco Companies had a negative net margin of 7.24% and a negative return on equity of 6.67%. The firm had revenue of $45.81 million during the quarter. During the same quarter in the prior year, the company posted ($1.47) earnings per share. Hurco Companies Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than Hurco CompaniesMarket Cap Calculator: How to Calculate Market Cap3 Defense Stocks Surging as Ukraine Tensions DeepenHow to Read Stock Charts for BeginnersStarbucks Stock Slumps; This Competitor Shows StrengthThe How And Why of Investing in Oil StocksThe Trade Desk: 2 Signs of a Comeback, 1 Risk AheadThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Hurco Companies Right Now?Before you consider Hurco Companies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hurco Companies wasn't on the list.While Hurco Companies currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here