There is only a float of about 6 mil shares on HURC.Institutions control about 74% of this stock. The rest is mgmt and the public There is not a big short positions. The "POINT" I am making is do not sell at this point,The MM will look to shake you ou by "KEEP LOWERING THE BID PRICE"MY opinion, this is a $40.00plus stock long term The big money on HURC is "LONG TERM"
Don't forget that almost all of the short interest is related to HURC moving into the R2K last June. They were out the year before and then back in the year before that. You can see the massive changes in this data below:
Agree generally with your point re: $40+ stock and MMs will attempt to shake-out remain retail holders.
However, on the "short-positions" ... on an absolute basis the short position of 162K (2.5% of shares oiutstanding) looks small ... on a historical basis it's high (typically ranges between 50-100K) and relative to the "retail float" (wherein only 22% of shares are held in retail) the short % is about 11.4% ... that will add pressure upward as the shorts begin to recognize the phase 2 cycle of machine tooling is occurrring and they try to locate shares.