Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Update

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 55,600 shares, an increase of 79.9% from the March 31st total of 30,900 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 27,000 shares, the short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several hedge funds have recently added to or reduced their stakes in ARTW. Jane Street Group LLC bought a new stake in Art’s-Way Manufacturing in the third quarter worth $27,000. Virtu Financial LLC bought a new position in shares of Art’s-Way Manufacturing during the fourth quarter valued at $60,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Art’s-Way Manufacturing by 93.2% during the fourth quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 13,072 shares in the last quarter. 2.91% of the stock is owned by institutional investors.

Art’s-Way Manufacturing Stock Performance

Art’s-Way Manufacturing stock opened at $1.63 on Tuesday. The stock’s 50 day moving average is $1.61 and its 200 day moving average is $1.69. Art’s-Way Manufacturing has a twelve month low of $1.33 and a twelve month high of $4.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its earnings results on Wednesday, April 9th. The industrial products company reported ($0.01) EPS for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.83% and a net margin of 1.65%. The company had revenue of $5.14 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Art’s-Way Manufacturing in a research note on Sunday. They issued a “hold” rating for the company.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.