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 decline in short interest in May. As of May 15th, there was short interest totaling 1,202 shares, a decline of 80.4% from the April 30th total of 6,141 shares. Based on an average daily volume of 14,229 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in ARTW. Renaissance Technologies LLC increased its stake in shares of Art’s-Way Manufacturing by 13.7% in the first quarter. Renaissance Technologies LLC now owns 141,474 shares of the industrial products company’s stock valued at $296,000 after buying an additional 17,000 shares in the last quarter. DRW Securities LLC bought a new position in Art’s-Way Manufacturing during the 4th quarter worth approximately $150,000. Dimensional Fund Advisors LP raised its stake in Art’s-Way Manufacturing by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock worth $93,000 after buying an additional 3,899 shares during the period. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing during the 3rd quarter worth $108,000. Finally, XTX Topco Ltd acquired a new stake in Art’s-Way Manufacturing during the 4th quarter worth $51,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Art’s-Way Manufacturing Stock Performance

Shares of ARTW stock traded down $0.01 during mid-day trading on Friday, reaching $2.60. The stock had a trading volume of 7,248 shares, compared to its average volume of 35,843. The firm’s 50 day simple moving average is $2.51 and its 200 day simple moving average is $2.40. The company has a quick ratio of 0.58, a current ratio of 2.02 and a debt-to-equity ratio of 0.19. Art’s-Way Manufacturing has a one year low of $1.69 and a one year high of $4.71. The firm has a market cap of $13.47 million, a PE ratio of 10.40 and a beta of 0.99.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings data on Monday, April 13th. The industrial products company reported $0.04 EPS for the quarter. Art’s-Way Manufacturing had a return on equity of 0.98% and a net margin of 5.26%.The company had revenue of $6.64 million during the quarter.

About Art’s-Way Manufacturing

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.