Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Up 106.0% in May

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,476 shares, a growth of 106.0% from the May 14th total of 1,202 shares. Based on an average daily volume of 11,531 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in Art’s-Way Manufacturing during the 3rd quarter worth approximately $47,000. XTX Topco Ltd purchased a new position in shares of Art’s-Way Manufacturing during the 4th quarter worth approximately $51,000. Dimensional Fund Advisors LP raised its stake in shares of Art’s-Way Manufacturing by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock worth $93,000 after buying an additional 3,899 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Art’s-Way Manufacturing during the 3rd quarter worth approximately $108,000. Finally, DRW Securities LLC purchased a new position in shares of Art’s-Way Manufacturing during the 4th quarter worth approximately $150,000. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Stock Up 0.4%

Shares of NASDAQ:ARTW traded up $0.01 on Monday, hitting $2.65. 17,551 shares of the company’s stock were exchanged, compared to its average volume of 33,811. The firm’s 50-day moving average is $2.60 and its 200 day moving average is $2.43. The company has a market capitalization of $13.73 million, a PE ratio of 10.60 and a beta of 0.96. Art’s-Way Manufacturing has a 1-year low of $1.73 and a 1-year high of $4.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 2.02.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings data on Monday, April 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $6.64 million during the quarter. Art’s-Way Manufacturing had a return on equity of 0.98% and a net margin of 5.26%.

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.