Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Declines By 49.9%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,241 shares, a decline of 49.9% from the May 31st total of 2,476 shares. Based on an average daily trading volume, of 16,078 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in shares of 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 buying an additional 17,000 shares during the last quarter. DRW Securities LLC purchased a new stake in Art’s-Way Manufacturing during the fourth quarter valued at approximately $150,000. Dimensional Fund Advisors LP increased its holdings in 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 last quarter. Citadel Advisors LLC bought a new position in Art’s-Way Manufacturing in the third quarter worth approximately $108,000. Finally, XTX Topco Ltd bought a new position in Art’s-Way Manufacturing in the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Art’s-Way Manufacturing Stock Performance

Shares of NASDAQ ARTW traded down $0.00 during midday trading on Wednesday, hitting $2.63. 4,097 shares of the stock traded hands, compared to its average volume of 32,305. The firm has a 50-day moving average of $2.67 and a two-hundred day moving average of $2.45. The firm has a market capitalization of $13.60 million, a P/E ratio of 10.50 and a beta of 0.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 2.02. Art’s-Way Manufacturing has a one year low of $2.04 and a one year high of $4.71.

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

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.