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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 7,279 shares, an increase of 75.4% from the December 31st total of 4,151 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 11,025 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 11,025 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

Art’s-Way Manufacturing Stock Up 2.8%

Shares of NASDAQ:ARTW opened at $2.56 on Friday. Art’s-Way Manufacturing has a 52-week low of $1.43 and a 52-week high of $4.71. The stock has a market cap of $13.08 million, a P/E ratio of 25.60 and a beta of 0.71. The business has a fifty day moving average of $2.36 and a two-hundred day moving average of $2.72. The company has a quick ratio of 0.53, a current ratio of 2.54 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Trading of Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Citadel Advisors LLC purchased a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,199 shares of the industrial products company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned approximately 0.85% of Art’s-Way Manufacturing as of its most recent SEC filing. Institutional investors and hedge funds own 2.91% of the company’s stock.

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.