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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Art’s-Way Manufacturing by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 3,899 shares in the last quarter. Susquehanna International Group LLP bought a new position in Art’s-Way Manufacturing in the third quarter worth approximately $47,000. Citadel Advisors LLC bought a new position in Art’s-Way Manufacturing in the third quarter worth approximately $108,000. Renaissance Technologies LLC boosted its holdings in Art’s-Way Manufacturing by 94.3% in the fourth quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after acquiring an additional 60,400 shares in the last quarter. Finally, DRW Securities LLC bought a new position in Art’s-Way Manufacturing in the fourth quarter worth approximately $150,000. Institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Trading Up 0.4%

NASDAQ ARTW traded up $0.01 during trading hours on Friday, hitting $2.64. 11,881 shares of the company’s stock were exchanged, compared to its average volume of 13,422. The stock has a 50-day simple moving average of $2.60 and a 200 day simple moving average of $2.43. The firm has a market cap of $13.68 million, a price-to-earnings ratio of 10.56 and a beta of 0.96. The company has a current ratio of 2.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.19. Art’s-Way Manufacturing has a 1-year low of $1.73 and a 1-year high of $4.71.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings results 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 for the quarter. Art’s-Way Manufacturing had a return on equity of 0.98% and a net margin of 5.26%.

Wall Street Analysts Forecast Growth

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

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.