Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Down 94.8% in August

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 600 shares, a drop of 94.8% from the August 15th total of 11,500 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 58,500 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 58,500 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on shares of Art’s-Way Manufacturing in a report on Wednesday, May 21st. They set a “hold” rating for the company.

Art’s-Way Manufacturing Stock Performance

Shares of Art’s-Way Manufacturing stock opened at $2.92 on Friday. Art’s-Way Manufacturing has a 1 year low of $1.43 and a 1 year high of $4.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.72 and a quick ratio of 0.51. The firm has a fifty day moving average price of $3.15 and a 200 day moving average price of $2.23.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings data on Thursday, July 10th. The industrial products company reported $0.06 earnings per share for the quarter. Art’s-Way Manufacturing had a net margin of 9.61% and a return on equity of 4.94%. The company had revenue of $6.34 million during the quarter.

Insider Activity

In related news, CFO Michael William Woods sold 7,592 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $3.31, for a total transaction of $25,129.52. Following the completion of the transaction, the chief financial officer owned 36,597 shares of the company’s stock, valued at $121,136.07. This trade represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 52.80% of the stock is currently owned by company insiders.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.