Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Declines By 80.4%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,202 shares, a decrease of 80.4% from the April 30th total of 6,141 shares. Based on an average daily volume of 14,229 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A number of large investors have recently added to or reduced their stakes in ARTW. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing during the third quarter worth approximately $108,000. Susquehanna International Group LLP acquired a new stake in Art’s-Way Manufacturing during the third quarter worth approximately $47,000. Dimensional Fund Advisors LP grew its position 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 in the last quarter. Renaissance Technologies LLC grew its position 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 in the last quarter. Finally, DRW Securities LLC acquired a new stake in Art’s-Way Manufacturing during the fourth quarter worth approximately $150,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Art’s-Way Manufacturing Stock Performance

Shares of Art’s-Way Manufacturing stock traded down $0.03 on Friday, hitting $2.58. The stock had a trading volume of 9,902 shares, compared to its average volume of 12,633. Art’s-Way Manufacturing has a twelve month low of $1.69 and a twelve month high of $4.71. The business’s 50 day moving average is $2.51 and its two-hundred day moving average is $2.40. 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 stock has a market cap of $13.36 million, a price-to-earnings ratio of 10.32 and a beta of 0.99.

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

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.