Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Update

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,202 shares, a drop of 80.4% from the April 30th total of 6,141 shares. Based on an average daily volume of 14,229 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Art’s-Way Manufacturing Stock Performance

Shares of ARTW stock traded down $0.01 on Friday, hitting $2.60. 7,248 shares of the stock traded hands, compared to its average volume of 35,843. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 0.58. Art’s-Way Manufacturing has a 1-year low of $1.69 and a 1-year high of $4.71. The company’s fifty day moving average is $2.51 and its 200 day moving average is $2.40. The company has a market capitalization of $13.47 million, a PE ratio of 10.40 and a beta of 0.99.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings data on Monday, April 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter. Art’s-Way Manufacturing had a return on equity of 0.98% and a net margin of 5.26%.The business had revenue of $6.64 million during the quarter.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in Art’s-Way Manufacturing by 13.7% in the first quarter. Renaissance Technologies LLC now owns 141,474 shares of the industrial products company’s stock worth $296,000 after purchasing an additional 17,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Art’s-Way Manufacturing by 9.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 3,899 shares during the period. XTX Topco Ltd acquired a new position in shares of Art’s-Way Manufacturing in the 4th quarter valued at $51,000. DRW Securities LLC acquired a new position in shares of Art’s-Way Manufacturing in the 4th quarter valued at $150,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Art’s-Way Manufacturing in the 3rd quarter valued at $47,000. Institutional investors own 2.91% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.