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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 8,995 shares, an increase of 23.6% from the January 15th total of 7,279 shares. Based on an average trading volume of 14,949 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 14,949 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Art’s-Way Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in Art’s-Way Manufacturing by 94.3% during the fourth quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after buying an additional 60,400 shares in the last quarter. DRW Securities LLC purchased a new position in Art’s-Way Manufacturing in the fourth quarter valued at about $150,000. Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing during the 3rd quarter valued at approximately $108,000. Dimensional Fund Advisors LP boosted its stake in shares of Art’s-Way Manufacturing by 142.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 23,983 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Art’s-Way Manufacturing in the 4th quarter worth approximately $51,000. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

Art’s-Way Manufacturing Trading Up 0.8%

Shares of ARTW opened at $2.38 on Thursday. The company has a current ratio of 2.30, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $2.38 and a 200 day moving average price of $2.67. Art’s-Way Manufacturing has a 12-month low of $1.43 and a 12-month high of $4.71. The firm has a market capitalization of $12.33 million, a P/E ratio of 11.90 and a beta of 0.74.

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

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.