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 recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,816 shares, an increase of 164.5% from the July 15th total of 1,821 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 52,790 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Art’s-Way Manufacturing

A number of institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new stake in Art’s-Way Manufacturing in the third quarter worth approximately $47,000. XTX Topco Ltd bought a new position in shares of Art’s-Way Manufacturing during the 4th quarter valued at $51,000. Dimensional Fund Advisors LP lifted its stake in shares of Art’s-Way Manufacturing by 142.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 23,983 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing in the 3rd quarter valued at $108,000. Finally, DRW Securities LLC bought a new stake in Art’s-Way Manufacturing in the fourth quarter worth $150,000. 2.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Art’s-Way Manufacturing Stock Performance

Shares of ARTW stock opened at $2.86 on Friday. Art’s-Way Manufacturing has a fifty-two week low of $2.05 and a fifty-two week high of $4.71. The stock’s 50-day moving average is $2.48 and its two-hundred day 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 cap of $14.87 million, a P/E ratio of -286.00 and a beta of 0.97.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings results on Wednesday, July 15th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. The business 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%.

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.