Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Up 75.4% in January

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 7,279 shares, a growth of 75.4% from the December 31st total of 4,151 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 11,025 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 11,025 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Susquehanna International Group LLP purchased a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,906 shares of the industrial products company’s stock, valued at approximately $47,000. Susquehanna International Group LLP owned about 0.37% of Art’s-Way Manufacturing at the end of the most recent reporting period. 2.91% of the stock is owned by institutional investors and hedge funds.

Art’s-Way Manufacturing Stock Performance

Shares of ARTW stock opened at $2.56 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.53 and a current ratio of 2.54. The firm has a market capitalization of $13.07 million, a price-to-earnings ratio of 25.60 and a beta of 0.71. Art’s-Way Manufacturing has a one year low of $1.43 and a one year high of $4.71. The company has a 50 day moving average price of $2.36 and a 200 day moving average price of $2.72.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.

In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.