Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Down 75.3% in August

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 30,323 shares, a drop of 75.3% from the August 15th total of 122,766 shares. Based on an average trading volume of 37,479 shares, the short-interest ratio is currently 0.8 days. Approximately 1.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of the company. DRW Securities LLC purchased a new stake in shares of Art’s-Way Manufacturing in the 4th quarter worth about $150,000. Renaissance Technologies LLC increased its stake in shares of Art’s-Way Manufacturing by 94.3% in the 4th quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after acquiring an additional 60,400 shares in the last quarter. Citadel Advisors LLC purchased a new position in Art’s-Way Manufacturing during the 3rd quarter valued at about $108,000. Susquehanna International Group LLP lifted its position in Art’s-Way Manufacturing by 69.7% during the 2nd quarter. Susquehanna International Group LLP now owns 19,664 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 8,079 shares during the period. Finally, XTX Topco Ltd bought a new stake in Art’s-Way Manufacturing during the fourth quarter worth about $51,000. 2.91% of the stock is owned by institutional investors.

Art’s-Way Manufacturing Trading Down 0.3%

Shares of ARTW traded down $0.01 during trading hours on Friday, hitting $3.02. The company had a trading volume of 4,502 shares, compared to its average volume of 39,442. Art’s-Way Manufacturing has a 52-week low of $2.05 and a 52-week high of $4.17. The company has a quick ratio of 0.61, a current ratio of 2.17 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $2.65 and its 200 day moving average price is $2.55. The firm has a market cap of $15.71 million, a P/E ratio of -302.00 and a beta of 1.02.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its earnings results on Wednesday, July 15th. The industrial products company reported $0.03 earnings per share for the quarter. The company had revenue of $7.85 million during the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.08%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.