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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 30,323 shares, a drop of 75.3% from the August 15th total of 122,766 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 37,479 shares, the days-to-cover ratio is currently 0.8 days.

Art’s-Way Manufacturing Price Performance

Art’s-Way Manufacturing stock traded down $0.01 during trading on Friday, reaching $3.02. The company had a trading volume of 4,502 shares, compared to its average volume of 39,442. The firm’s 50-day simple moving average is $2.65 and its 200 day simple moving average is $2.55. Art’s-Way Manufacturing has a 1-year low of $2.05 and a 1-year high of $4.17. The firm has a market capitalization of $15.70 million, a PE ratio of -302.00 and a beta of 1.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.61 and a current ratio of 2.17.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its quarterly earnings data on Wednesday, July 15th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.08%.The company had revenue of $7.85 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ARTW. DRW Securities LLC purchased a new position in Art’s-Way Manufacturing during the fourth quarter worth about $150,000. Renaissance Technologies LLC increased its position in shares of Art’s-Way Manufacturing by 94.3% during the fourth quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock valued at $293,000 after acquiring an additional 60,400 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Art’s-Way Manufacturing in the 3rd quarter valued at approximately $108,000. Dimensional Fund Advisors LP raised its stake in shares of Art’s-Way Manufacturing by 142.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 23,983 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Art’s-Way Manufacturing in the 4th quarter worth approximately $51,000. 2.91% of the stock is currently owned by institutional investors and hedge funds.

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.