Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Grows By 106.0%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 2,476 shares, an increase of 106.0% from the May 14th total of 1,202 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 11,531 shares, the short-interest ratio is currently 0.2 days.

Art’s-Way Manufacturing Stock Up 0.4%

Shares of ARTW stock traded up $0.01 during trading hours on Friday, reaching $2.64. The company had a trading volume of 11,881 shares, compared to its average volume of 13,422. Art’s-Way Manufacturing has a 12 month low of $1.73 and a 12 month high of $4.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 0.58. The business has a fifty day simple moving average of $2.60 and a 200-day simple moving average of $2.43. The company has a market cap of $13.68 million, a price-to-earnings ratio of 10.56 and a beta of 0.96.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Art’s-Way Manufacturing by 9.6% in the first 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 in the last quarter. Renaissance Technologies LLC lifted 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 valued at $296,000 after purchasing an additional 17,000 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Art’s-Way Manufacturing in the third quarter valued at approximately $47,000. XTX Topco Ltd bought a new position in shares of Art’s-Way Manufacturing in the fourth quarter valued at approximately $51,000. Finally, Citadel Advisors LLC bought a new position in shares of Art’s-Way Manufacturing in the third quarter valued at approximately $108,000. Institutional investors own 2.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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.com, the company 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.