Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Up 164.5% in July

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,816 shares, a growth of 164.5% from the July 15th total of 1,821 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 52,790 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Art’s-Way Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in Art’s-Way Manufacturing in the third quarter valued at about $108,000. Dimensional Fund Advisors LP boosted its stake 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 worth $93,000 after buying an additional 3,899 shares during the period. Renaissance Technologies LLC increased its position in shares of Art’s-Way Manufacturing by 13.7% during the first quarter. Renaissance Technologies LLC now owns 141,474 shares of the industrial products company’s stock valued at $296,000 after acquiring an additional 17,000 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Art’s-Way Manufacturing during the fourth quarter valued at about $51,000. Finally, DRW Securities LLC purchased a new stake in shares of Art’s-Way Manufacturing in the 4th quarter valued at approximately $150,000. 2.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Art’s-Way Manufacturing from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Art’s-Way Manufacturing presently has a consensus rating of “Sell”.

Art’s-Way Manufacturing Trading Up 9.1%

Shares of ARTW stock traded up $0.26 during trading on Friday, hitting $3.12. 172,590 shares of the stock traded hands, compared to its average volume of 1,689,331. Art’s-Way Manufacturing has a 52-week low of $2.05 and a 52-week high of $4.71. The firm has a market capitalization of $16.22 million, a P/E ratio of -312.00 and a beta of 0.97. The firm’s fifty day moving average price is $2.49 and its 200-day moving average price is $2.47. 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 (NASDAQ:ARTW) last issued its quarterly earnings data on Wednesday, July 15th. The industrial products company reported $0.03 earnings per share for the quarter. The company had revenue of $7.85 million during the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.08%.

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.