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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 76,400 shares, a decline of 23.9% from the January 31st total of 100,400 shares. Based on an average daily volume of 212,500 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Art’s-Way Manufacturing during the 4th quarter worth about $60,000. Geode Capital Management LLC boosted its position in shares of Art’s-Way Manufacturing by 93.2% during the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 13,072 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Art’s-Way Manufacturing during the 3rd quarter worth about $27,000. 2.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Art’s-Way Manufacturing in a research note on Sunday. They set a “hold” rating for the company.

Art’s-Way Manufacturing Stock Down 3.0 %

NASDAQ:ARTW opened at $1.59 on Tuesday. The stock has a 50-day simple moving average of $1.83 and a 200-day simple moving average of $1.75. Art’s-Way Manufacturing has a 1 year low of $1.33 and a 1 year high of $4.15. The company has a quick ratio of 0.42, a current ratio of 1.98 and a debt-to-equity ratio of 0.21.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.