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

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

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ:ARTW traded down $0.11 during midday trading on Tuesday, reaching $2.32. 179,707 shares of the company’s stock were exchanged, compared to its average volume of 40,281. Art’s-Way Manufacturing has a 12 month low of $1.43 and a 12 month 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. The company’s 50 day simple moving average is $2.39 and its two-hundred day simple moving average is $2.53. The firm has a market capitalization of $12.02 million, a PE ratio of 11.60 and a beta of 0.77.

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

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Art’s-Way Manufacturing by 94.3% in the 4th 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 shares of Art’s-Way Manufacturing during the 4th quarter worth approximately $150,000. Citadel Advisors LLC bought a new stake in shares of Art’s-Way Manufacturing during the 3rd quarter valued at $108,000. Dimensional Fund Advisors LP raised its position in shares of 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 in the last quarter. Finally, XTX Topco Ltd bought a new stake in Art’s-Way Manufacturing during the fourth quarter worth $51,000. Institutional investors own 2.91% of the company’s stock.

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.