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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 13,500 shares, a growth of 264.9% from the February 29th total of 3,700 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is currently 1.1 days.

Art’s-Way Manufacturing Stock Performance

ARTW opened at $2.09 on Thursday. The company has a current ratio of 1.61, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $2.05 and its 200 day moving average price is $2.10. Art’s-Way Manufacturing has a twelve month low of $1.85 and a twelve month high of $3.11. The firm has a market capitalization of $10.60 million, a PE ratio of 10.45 and a beta of 0.38.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Art’s-Way Manufacturing in a research report on Saturday, March 23rd. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in Art’s-Way Manufacturing by 15.8% during the third quarter. Renaissance Technologies LLC now owns 64,003 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 8,729 shares during the period. Dimensional Fund Advisors LP raised its stake in Art’s-Way Manufacturing by 18.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,199 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 4,916 shares during the period. Susquehanna International Group LLP purchased a new position in Art’s-Way Manufacturing during the fourth quarter worth about $56,000. Citadel Advisors LLC purchased a new position in Art’s-Way Manufacturing during the third quarter worth about $42,000. Finally, Virtu Financial LLC purchased a new position in Art’s-Way Manufacturing during the first quarter worth about $104,000. 2.91% of the stock is owned by hedge funds and other institutional investors.

About Art’s-Way Manufacturing

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools in the United States and internationally. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.