Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Stock Short Interest Report for October

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 36,667 shares, a decrease of 38.7% from the September 30th total of 59,792 shares. Based on an average daily volume of 14,726 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.5% of the company’s stock are short sold.

Art’s-Way Manufacturing Stock Down 10.3%

Art’s-Way Manufacturing stock opened at $2.71 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 1.71. The firm has a market cap of $14.12 million, a price-to-earnings ratio of -30.11 and a beta of 1.06. The firm has a 50 day moving average price of $3.10 and a two-hundred day moving average price of $2.64. Art’s-Way Manufacturing has a 52-week low of $2.05 and a 52-week high of $4.17.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its quarterly earnings data on Tuesday, October 13th. The industrial products company reported ($0.03) EPS for the quarter. Art’s-Way Manufacturing had a negative net margin of 1.65% and a negative return on equity of 3.06%. The firm had revenue of $5.62 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Art’s-Way Manufacturing from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of Art’s-Way Manufacturing

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Art’s-Way Manufacturing by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock valued at $93,000 after buying an additional 3,899 shares during the period. Susquehanna International Group LLP boosted its stake in shares of Art’s-Way Manufacturing by 69.7% during the 2nd quarter. Susquehanna International Group LLP now owns 19,664 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 8,079 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Art’s-Way Manufacturing by 13.7% in the 1st quarter. Renaissance Technologies LLC now owns 141,474 shares of the industrial products company’s stock worth $296,000 after acquiring an additional 17,000 shares in the last quarter. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc (NASDAQ:ARTW) designs and manufactures agricultural and rural-use equipment. The company’s product portfolio includes machinery for forage harvesting, manure handling, hay production, tillage, land maintenance, snow removal and grain handling, serving farmers, agricultural contractors and other rural customers.

Its equipment is marketed under the Art’s-Way brand and is distributed primarily through a network of agricultural equipment dealers. The company serves customers in the United States and Canada, with products also reaching selected international markets through its distribution channels.

Founded in 1956 and headquartered in Armstrong, Iowa, Art’s-Way has developed from a regional agricultural equipment manufacturer into a publicly traded company with a broader lineup of farm and specialty machinery.