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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 727 shares, a decrease of 93.3% from the February 12th total of 10,833 shares. Based on an average daily trading volume, of 22,156 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 22,156 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A number of large investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in shares of Art’s-Way Manufacturing by 94.3% in the fourth quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 60,400 shares during the period. DRW Securities LLC acquired a new position in Art’s-Way Manufacturing during the fourth quarter worth about $150,000. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing during the third quarter worth about $108,000. Dimensional Fund Advisors LP raised its holdings in 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 buying an additional 23,983 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Art’s-Way Manufacturing during the fourth quarter worth $51,000. 2.91% of the stock is owned by institutional investors and hedge funds.

Art’s-Way Manufacturing Stock Down 4.5%

Shares of Art’s-Way Manufacturing stock traded down $0.11 during midday trading on Tuesday, hitting $2.32. The company had a trading volume of 179,707 shares, compared to its average volume of 40,281. The company has a 50 day moving average of $2.39 and a 200 day moving average of $2.53. The stock has a market capitalization of $12.02 million, a P/E ratio of 11.60 and a beta of 0.77. Art’s-Way Manufacturing has a 52-week low of $1.43 and a 52-week high of $4.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 2.30.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $5.07 million during the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.90% and a net margin of 4.50%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Art’s-Way Manufacturing from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.