Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Expands By 164.5%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,816 shares, a growth of 164.5% from the July 15th total of 1,821 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 52,790 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Art’s-Way Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the business. DRW Securities LLC purchased a new position in shares of Art’s-Way Manufacturing during the fourth quarter valued at $150,000. Renaissance Technologies LLC boosted its position in Art’s-Way Manufacturing by 94.3% during 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 during the period. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing during the 3rd quarter worth about $108,000. Dimensional Fund Advisors LP grew its stake in Art’s-Way Manufacturing by 142.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 23,983 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Art’s-Way Manufacturing during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Art’s-Way Manufacturing from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Art’s-Way Manufacturing has a consensus rating of “Sell”.

Art’s-Way Manufacturing Stock Up 11.7%

ARTW stock opened at $2.86 on Friday. Art’s-Way Manufacturing has a 52-week low of $2.05 and a 52-week high of $4.71. The company’s 50 day simple moving average is $2.48 and its 200-day simple moving average is $2.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 0.61. The firm has a market capitalization of $14.87 million, a P/E ratio of -286.00 and a beta of 0.97.

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