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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 1,180 shares, an increase of 62.3% from the February 26th total of 727 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 91,759 shares, the days-to-cover ratio is currently 0.0 days.

Art’s-Way Manufacturing Stock Performance

ARTW stock opened at $2.13 on Friday. The stock’s 50 day simple moving average is $2.36 and its 200 day simple moving average is $2.45. Art’s-Way Manufacturing has a 12-month low of $1.43 and a 12-month high of $4.71. The firm has a market cap of $11.03 million, a P/E ratio of 10.65 and a beta of 0.77. The company has a current ratio of 2.30, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ARTW. Susquehanna International Group LLP bought a new stake in shares of Art’s-Way Manufacturing during the 3rd quarter valued at about $47,000. XTX Topco Ltd bought a new position in Art’s-Way Manufacturing in the fourth quarter worth about $51,000. Dimensional Fund Advisors LP boosted 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 acquiring an additional 23,983 shares during the period. Citadel Advisors LLC bought a new position in shares of Art’s-Way Manufacturing during the third quarter valued at approximately $108,000. Finally, DRW Securities LLC bought a new position in shares of Art’s-Way Manufacturing during the fourth quarter valued at approximately $150,000. 2.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Art’s-Way Manufacturing from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Art’s-Way Manufacturing

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.