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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 60,786 shares, a growth of 100.5% from the August 31st total of 30,323 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily volume of 20,661 shares, the short-interest ratio is currently 2.9 days.

Art’s-Way Manufacturing Stock Down 1.3%

Shares of NASDAQ:ARTW opened at $3.10 on Wednesday. The firm has a fifty day moving average price of $2.82 and a two-hundred day moving average price of $2.62. The company has a market cap of $16.12 million, a price-to-earnings ratio of -310.00 and a beta of 1.02. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 0.61. Art’s-Way Manufacturing has a one year low of $2.05 and a one year high of $4.17.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Art’s-Way Manufacturing

A number of large investors have recently modified their holdings of ARTW. Renaissance Technologies LLC increased its position in shares of Art’s-Way Manufacturing by 13.7% in the first quarter. Renaissance Technologies LLC now owns 141,474 shares of the industrial products company’s stock worth $296,000 after purchasing an additional 17,000 shares during the last quarter. Susquehanna International Group LLP raised its stake in Art’s-Way Manufacturing by 69.7% in the second quarter. Susquehanna International Group LLP now owns 19,664 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 8,079 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Art’s-Way Manufacturing by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 3,899 shares during the last quarter. Institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc is an Iowa-based manufacturer of agricultural equipment and related products. The company designs and produces machinery used in forage harvesting, manure handling, land maintenance and crop preparation, serving farmers, agricultural contractors and other customers in the farming industry.

Its product portfolio has included forage harvesters, forage boxes, manure spreaders, rotary cutters, hay equipment, tillage and planting equipment, and specialized machinery for certain crop applications.