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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTWGet Free Report) saw a significant increase in short interest in February. As of February 29th, there was short interest totalling 3,700 shares, an increase of 5.7% from the February 14th total of 3,500 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 0.6 days.

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ ARTW opened at $2.14 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 1.61. Art’s-Way Manufacturing has a fifty-two week low of $1.85 and a fifty-two week high of $3.11. The company has a market cap of $10.83 million, a PE ratio of 10.70 and a beta of 0.38. The business has a 50-day simple moving average of $2.05 and a two-hundred day simple moving average of $2.12.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Art’s-Way Manufacturing by 18.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,199 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 4,916 shares during the period. Vanguard Group Inc. raised its position in Art’s-Way Manufacturing by 42.8% during the fourth quarter. Vanguard Group Inc. now owns 16,758 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 5,020 shares in the last quarter. Renaissance Technologies LLC raised its position in Art’s-Way Manufacturing by 11.4% during the first quarter. Renaissance Technologies LLC now owns 63,574 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 6,500 shares in the last quarter. State Street Corp purchased a new position in Art’s-Way Manufacturing during the first quarter valued at approximately $67,000. Finally, Jane Street Group LLC purchased a new position in Art’s-Way Manufacturing during the first quarter valued at approximately $76,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Art’s-Way Manufacturing in a report on Friday. They issued a “hold” rating for the company.

View Our Latest Stock Report on Art’s-Way Manufacturing

About Art’s-Way Manufacturing

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Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools in the United States and internationally. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.

Further Reading

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