Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Up 20.4% in February

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 10,833 shares, a growth of 20.4% from the January 29th total of 8,995 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 78,957 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 78,957 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Art’s-Way Manufacturing from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Art’s-Way Manufacturing Trading Down 3.0%

ARTW opened at $2.26 on Wednesday. The stock has a market capitalization of $11.71 million, a P/E ratio of 11.30 and a beta of 0.77. The company has a current ratio of 2.30, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21. Art’s-Way Manufacturing has a 12 month low of $1.43 and a 12 month high of $4.71. The firm’s fifty day simple moving average is $2.39 and its 200 day simple moving average is $2.56.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its earnings results on Wednesday, February 4th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $5.07 million for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.90% and a net margin of 4.50%.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A number of large investors have recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in Art’s-Way Manufacturing in the 3rd quarter valued at $47,000. XTX Topco Ltd bought a new position in shares of Art’s-Way Manufacturing in the 4th quarter valued at about $51,000. Dimensional Fund Advisors LP increased its position in shares of 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 last quarter. Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing in the third quarter valued at about $108,000. Finally, DRW Securities LLC bought a new stake in Art’s-Way Manufacturing during the fourth quarter worth about $150,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

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.