Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Up 23.6% in January

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 8,995 shares, a growth of 23.6% from the January 15th total of 7,279 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 14,949 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 14,949 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Several hedge funds have recently added to or reduced their stakes in ARTW. Renaissance Technologies LLC lifted its stake in Art’s-Way Manufacturing by 94.3% in the fourth quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 60,400 shares during the last quarter. DRW Securities LLC bought a new position in shares of Art’s-Way Manufacturing during the fourth quarter valued at approximately $150,000. Citadel Advisors LLC purchased a new stake in shares of Art’s-Way Manufacturing in the third quarter worth approximately $108,000. Dimensional Fund Advisors LP lifted its stake in shares of Art’s-Way Manufacturing by 142.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 23,983 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Art’s-Way Manufacturing during the 3rd quarter valued at $47,000. 2.91% of the stock is currently owned by institutional investors.

Art’s-Way Manufacturing Price Performance

Shares of Art’s-Way Manufacturing stock opened at $2.35 on Tuesday. The stock has a market cap of $12.17 million, a price-to-earnings ratio of 11.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 2.30. The stock has a 50 day moving average price of $2.38 and a 200-day moving average price of $2.68. Art’s-Way Manufacturing has a one year low of $1.43 and a one year high of $4.71.

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

Analyst Upgrades and Downgrades

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