Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Increases By 1,448.1%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 6,564 shares, an increase of 1,448.1% from the March 31st total of 424 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 55,480 shares, the short-interest ratio is currently 0.1 days.

Art’s-Way Manufacturing Trading Down 0.3%

ARTW stock traded down $0.01 during mid-day trading on Friday, reaching $2.99. The company’s stock had a trading volume of 9,894 shares, compared to its average volume of 42,413. The company has a market cap of $15.49 million, a price-to-earnings ratio of 11.96 and a beta of 0.82. The business’s 50 day moving average price is $2.35 and its 200 day moving average price is $2.40. The company has a current ratio of 2.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.19. Art’s-Way Manufacturing has a 12 month low of $1.51 and a 12 month high of $4.71.

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. The business had revenue of $6.64 million during the quarter. Art’s-Way Manufacturing had a return on equity of 0.98% and a net margin of 5.26%.

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 note on Thursday, April 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new stake in Art’s-Way Manufacturing in the third quarter valued at approximately $47,000. XTX Topco Ltd acquired a new stake in Art’s-Way Manufacturing in the fourth quarter valued at approximately $51,000. Dimensional Fund Advisors LP grew its stake 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 valued at $96,000 after acquiring an additional 23,983 shares during the period. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing in the third quarter valued at approximately $108,000. Finally, DRW Securities LLC acquired a new stake in Art’s-Way Manufacturing in the fourth quarter valued at approximately $150,000. 2.91% of the stock is currently owned by institutional investors.

About Art’s-Way Manufacturing

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.