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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large decrease in short interest in 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 short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

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 research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ ARTW opened at $2.58 on Friday. Art’s-Way Manufacturing has a 1-year low of $1.69 and a 1-year high of $4.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 0.58. The business’s fifty day moving average price is $2.51 and its two-hundred day moving average price is $2.40. The firm has a market capitalization of $13.36 million, a PE ratio of 10.32 and a beta of 0.99.

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

Institutional Investors Weigh In On Art’s-Way Manufacturing

Large investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP acquired a new stake in Art’s-Way Manufacturing in the third quarter worth $47,000. XTX Topco Ltd acquired a new stake in Art’s-Way Manufacturing in the fourth quarter worth $51,000. Dimensional Fund Advisors LP increased its position 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 buying an additional 23,983 shares during the period. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing in the third quarter worth $108,000. Finally, DRW Securities LLC acquired a new stake in Art’s-Way Manufacturing in the fourth quarter worth $150,000. 2.91% of the stock is owned by institutional investors and hedge funds.

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.