Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Expands By 1,448.1%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 6,564 shares, an increase of 1,448.1% from the March 31st total of 424 shares. Based on an average daily volume of 55,480 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Art’s-Way Manufacturing currently has an average rating of “Hold”.

Institutional Trading of Art’s-Way Manufacturing

Several hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in shares of Art’s-Way Manufacturing in the 4th quarter valued at $51,000. DRW Securities LLC acquired a new stake in Art’s-Way Manufacturing in the 4th quarter valued at $150,000. Renaissance Technologies LLC raised its holdings in Art’s-Way Manufacturing by 94.3% during the fourth 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. Dimensional Fund Advisors LP raised its holdings in Art’s-Way Manufacturing by 142.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock worth $96,000 after buying an additional 23,983 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Art’s-Way Manufacturing in the third quarter valued at $47,000. Institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Stock Performance

NASDAQ:ARTW opened at $2.99 on Friday. The company has a fifty day moving average of $2.36 and a 200-day moving average of $2.40. The firm has a market capitalization of $15.49 million, a P/E ratio of 11.96 and a beta of 0.82. The company has a quick ratio of 0.58, a current ratio of 2.02 and a debt-to-equity ratio of 0.19. Art’s-Way Manufacturing has a twelve month low of $1.51 and a twelve month high of $4.71.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings data on Monday, April 13th. The industrial products company reported $0.04 earnings per share for the quarter. The company had revenue of $6.64 million during the quarter. Art’s-Way Manufacturing had a net margin of 5.26% and a return on equity of 0.98%.

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.