Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Update

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 142,300 shares, a decline of 34.6% from the December 31st total of 217,500 shares. Based on an average trading volume of 207,900 shares, the days-to-cover ratio is currently 0.7 days. Currently, 6.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Art’s-Way Manufacturing in a report on Wednesday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Jane Street Group LLC bought a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.29% of Art’s-Way Manufacturing at the end of the most recent quarter. 2.91% of the stock is owned by hedge funds and other institutional investors.

Art’s-Way Manufacturing Stock Down 1.2 %

Shares of NASDAQ:ARTW traded down $0.02 during midday trading on Friday, reaching $1.70. 9,022 shares of the company’s stock were exchanged, compared to its average volume of 257,418. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.55 and a quick ratio of 0.37. The company’s 50 day simple moving average is $1.78 and its two-hundred day simple moving average is $1.71. Art’s-Way Manufacturing has a 12 month low of $1.33 and a 12 month high of $4.15.

About Art’s-Way Manufacturing

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science and agricultural buildings in the United States and internationally. The company operates through Agricultural Products and Modular Buildings. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.