Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Sees Large Growth in Short Interest

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 10,833 shares, an increase of 20.4% from the January 29th total of 8,995 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 78,957 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 78,957 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Art’s-Way Manufacturing from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Art’s-Way Manufacturing Stock Down 1.3%

Shares of Art’s-Way Manufacturing stock opened at $2.27 on Friday. The company has a quick ratio of 0.48, a current ratio of 2.30 and a debt-to-equity ratio of 0.21. Art’s-Way Manufacturing has a 52-week low of $1.43 and a 52-week high of $4.71. The company has a market capitalization of $11.76 million, a P/E ratio of 11.35 and a beta of 0.77. The company has a 50 day moving average of $2.39 and a 200 day moving average of $2.56.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported ($0.13) earnings per share for the quarter. The firm had revenue of $5.07 million during the quarter. Art’s-Way Manufacturing had a net margin of 4.50% and a negative return on equity of 0.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARTW. Susquehanna International Group LLP acquired a new stake in shares of Art’s-Way Manufacturing during the 3rd quarter worth about $47,000. XTX Topco Ltd purchased a new position in Art’s-Way Manufacturing in the fourth quarter valued at approximately $51,000. Dimensional Fund Advisors LP increased its stake in Art’s-Way Manufacturing by 142.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 23,983 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing during the third quarter worth approximately $108,000. Finally, Renaissance Technologies LLC lifted its position in shares of Art’s-Way Manufacturing by 94.3% during the 4th quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after buying an additional 60,400 shares during the last quarter. 2.91% of the stock is owned by institutional investors and hedge funds.

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.