Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW – Get Rating) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 30,900 shares, an increase of 71.7% from the April 15th total of 18,000 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 162,900 shares, the days-to-cover ratio is currently 0.2 days.
Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in Art’s-Way Manufacturing in the second quarter worth about $40,000. Shufro Rose & Co. LLC raised its position in Art’s-Way Manufacturing by 31.2% in the first quarter. Shufro Rose & Co. LLC now owns 24,639 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 5,855 shares in the last quarter. Sweet Financial Partners LLC purchased a new position in Art’s-Way Manufacturing in the 4th quarter worth about $155,000. Finally, Sigma Planning Corp purchased a new position in Art’s-Way Manufacturing in the 1st quarter worth about $274,000. Hedge funds and other institutional investors own 5.38% of the company’s stock.
Separately, TheStreet cut shares of Art’s-Way Manufacturing from a “c” rating to a “d+” rating in a research note on Friday, April 29th.
Art’s-Way Manufacturing (NASDAQ:ARTW – Get Rating) last issued its quarterly earnings results on Tuesday, February 8th. The industrial products company reported $0.09 EPS for the quarter. Art’s-Way Manufacturing had a net margin of 0.48% and a return on equity of 1.22%. The firm had revenue of $7.26 million for the quarter.
About Art’s-Way Manufacturing (Get Rating)
Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools in the United States and internationally. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.
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