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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 7,279 shares, a growth of 75.4% from the December 31st total of 4,151 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 11,025 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 11,025 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are short sold.

Art’s-Way Manufacturing Stock Up 2.8%

Shares of NASDAQ:ARTW opened at $2.56 on Friday. Art’s-Way Manufacturing has a fifty-two week low of $1.43 and a fifty-two week high of $4.71. The firm’s 50 day moving average price is $2.36 and its 200 day moving average price is $2.72. The company has a quick ratio of 0.53, a current ratio of 2.54 and a debt-to-equity ratio of 0.17. The stock has a market cap of $13.08 million, a price-to-earnings ratio of 25.60 and a beta of 0.71.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Citadel Advisors LLC bought a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 43,199 shares of the industrial products company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned about 0.85% of Art’s-Way Manufacturing at the end of the most recent reporting period. Institutional investors 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.