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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw 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. Based on an average trading volume of 11,025 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 11,025 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Citadel Advisors LLC purchased a new stake in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 43,199 shares of the industrial products company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned 0.85% of Art’s-Way Manufacturing as of its most recent SEC filing. 2.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Art’s-Way Manufacturing Stock Up 2.8%

Shares of NASDAQ:ARTW opened at $2.56 on Friday. The stock has a market capitalization of $13.08 million, a P/E ratio of 25.60 and a beta of 0.71. The stock’s 50-day moving average price is $2.36 and its 200-day moving average price is $2.72. The company has a current ratio of 2.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.17. Art’s-Way Manufacturing has a 12-month low of $1.43 and a 12-month high of $4.71.

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.