Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Down 79.3% in March

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,800 shares, a drop of 79.3% from the March 15th total of 13,500 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 14,100 shares, the short-interest ratio is currently 0.2 days.

Art’s-Way Manufacturing Price Performance

Art’s-Way Manufacturing stock opened at $2.04 on Friday. The stock has a market capitalization of $10.34 million, a price-to-earnings ratio of 10.20 and a beta of 0.39. Art’s-Way Manufacturing has a 52-week low of $1.85 and a 52-week high of $3.11. The stock’s 50 day moving average price is $2.05 and its two-hundred day moving average price is $2.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.43 and a current ratio of 1.61.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its quarterly earnings data on Tuesday, April 9th. The industrial products company reported ($0.09) earnings per share for the quarter. Art’s-Way Manufacturing had a net margin of 1.92% and a return on equity of 6.50%. The company had revenue of $5.72 million for the quarter.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in Art’s-Way Manufacturing by 15.8% in the 3rd quarter. Renaissance Technologies LLC now owns 64,003 shares of the industrial products company’s stock worth $117,000 after buying an additional 8,729 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Art’s-Way Manufacturing by 18.0% in the 4th 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 in the 4th quarter worth approximately $56,000. Citadel Advisors LLC purchased a new position in Art’s-Way Manufacturing in the 3rd quarter worth approximately $42,000. Finally, Virtu Financial LLC purchased a new position in Art’s-Way Manufacturing in the 1st quarter worth approximately $104,000. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Art’s-Way Manufacturing in a report on Monday. They set a “hold” rating for the company.

Art’s-Way Manufacturing Company Profile

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.