Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Down 49.9% in June

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,241 shares, a decline of 49.9% from the May 31st total of 2,476 shares. Based on an average daily volume of 16,078 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Art’s-Way Manufacturing Trading Up 4.2%

NASDAQ ARTW traded up $0.11 during trading on Thursday, reaching $2.71. 9,316 shares of the stock traded hands, compared to its average volume of 32,137. Art’s-Way Manufacturing has a fifty-two week low of $2.04 and a fifty-two week high of $4.71. The company has a quick ratio of 0.58, a current ratio of 2.02 and a debt-to-equity ratio of 0.19. The firm has a market cap of $14.04 million, a price-to-earnings ratio of 10.84 and a beta of 0.95. The stock’s 50-day moving average price is $2.66 and its 200 day moving average price is $2.45.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its earnings results 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 for the quarter. Art’s-Way Manufacturing had a net margin of 5.26% and a return on equity of 0.98%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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, the company currently has an average rating of “Hold”.

Institutional Trading of Art’s-Way Manufacturing

Several hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new position in Art’s-Way Manufacturing in the third quarter valued at about $47,000. XTX Topco Ltd acquired a new stake in shares of Art’s-Way Manufacturing during the fourth quarter worth about $51,000. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 23,983 shares during the period. Citadel Advisors LLC bought a new position in shares of Art’s-Way Manufacturing during the 3rd quarter valued at about $108,000. Finally, DRW Securities LLC bought a new position in shares of Art’s-Way Manufacturing during the 4th quarter valued at about $150,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

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.