Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Declines By 93.3%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 727 shares, a decline of 93.3% from the February 12th total of 10,833 shares. Based on an average daily volume of 22,156 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 22,156 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Art’s-Way Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of ARTW. Renaissance Technologies LLC boosted its position 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 valued at $293,000 after purchasing an additional 60,400 shares during the last quarter. DRW Securities LLC acquired a new position in Art’s-Way Manufacturing in the 4th quarter worth about $150,000. Citadel Advisors LLC acquired a new position in Art’s-Way Manufacturing in the 3rd quarter worth about $108,000. Dimensional Fund Advisors LP raised 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 purchasing an additional 23,983 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Art’s-Way Manufacturing during the 4th quarter valued at about $51,000. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

Art’s-Way Manufacturing Stock Up 5.7%

Shares of NASDAQ ARTW traded up $0.13 during mid-day trading on Thursday, reaching $2.45. The company had a trading volume of 5,659 shares, compared to its average volume of 40,119. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 2.30. The company has a market capitalization of $12.71 million, a price-to-earnings ratio of 12.19 and a beta of 0.77. The stock has a fifty day moving average of $2.39 and a two-hundred day moving average of $2.52. Art’s-Way Manufacturing has a 12-month low of $1.43 and a 12-month high of $4.71.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported ($0.13) EPS 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 for the quarter.

Wall Street Analysts Forecast Growth

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 stock currently has an average rating of “Sell”.

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.