Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Up 20.4% in February

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 10,833 shares, an increase of 20.4% from the January 29th total of 8,995 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 78,957 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 78,957 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

Analysts Set New Price Targets

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

Institutional Trading of Art’s-Way Manufacturing

A number of institutional investors and hedge funds have recently modified their holdings of ARTW. Susquehanna International Group LLP acquired a new stake in shares of Art’s-Way Manufacturing in the 3rd quarter valued at approximately $47,000. XTX Topco Ltd bought a new stake in Art’s-Way Manufacturing in the fourth quarter valued at approximately $51,000. Dimensional Fund Advisors LP raised its holdings in 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 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 third quarter worth $108,000. Finally, Renaissance Technologies LLC boosted its position in shares of 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 purchasing an additional 60,400 shares in the last quarter. 2.91% of the stock is owned by institutional investors.

Art’s-Way Manufacturing Price Performance

ARTW opened at $2.26 on Wednesday. The company has a fifty day moving average price of $2.39 and a two-hundred day moving average price of $2.56. The firm has a market capitalization of $11.71 million, a PE ratio of 11.30 and a beta of 0.77. Art’s-Way Manufacturing has a 52 week low of $1.43 and a 52 week high of $4.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 2.30.

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

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.