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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 727 shares, a drop of 93.3% from the February 12th total of 10,833 shares. Based on an average daily trading volume, of 22,156 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 22,156 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Art’s-Way Manufacturing Stock Performance

Shares of ARTW stock opened at $2.32 on Wednesday. Art’s-Way Manufacturing has a 52-week low of $1.43 and a 52-week high of $4.71. The company has a quick ratio of 0.48, a current ratio of 2.30 and a debt-to-equity ratio of 0.21. The stock has a market cap of $12.01 million, a PE ratio of 11.60 and a beta of 0.77. The business has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $2.53.

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

Institutional Investors Weigh In On Art’s-Way Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new position in Art’s-Way Manufacturing during the third quarter worth $47,000. XTX Topco Ltd acquired a new stake in shares of Art’s-Way Manufacturing in the fourth quarter valued at about $51,000. Dimensional Fund Advisors LP grew its position in shares of 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 period. Citadel Advisors LLC purchased a new stake in shares of Art’s-Way Manufacturing during the third quarter worth about $108,000. Finally, DRW Securities LLC purchased a new stake in shares of Art’s-Way Manufacturing during the fourth quarter worth about $150,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

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.