Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Down 45.4% in October

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 21,200 shares, a decrease of 45.4% from the September 30th total of 38,800 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 83,100 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

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

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ:ARTW remained flat at $1.61 during trading on Friday. The stock had a trading volume of 10,645 shares, compared to its average volume of 33,361. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $2.37. The stock has a fifty day moving average price of $1.79 and a two-hundred day moving average price of $1.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.36 and a current ratio of 1.56. The stock has a market capitalization of $8.16 million, a price-to-earnings ratio of 8.00 and a beta of 0.38.

About Art’s-Way Manufacturing

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science and agricultural buildings in the United States and internationally. The company operates through Agricultural Products and Modular Buildings. 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.