Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Sees Significant Decline in Short Interest

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 12,100 shares, a drop of 43.5% from the October 31st total of 21,400 shares. Based on an average daily volume of 46,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group LLC purchased a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned approximately 0.29% of Art’s-Way Manufacturing at the end of the most recent quarter. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

Art’s-Way Manufacturing Trading Up 0.6 %

Shares of ARTW stock opened at $1.66 on Thursday. Art’s-Way Manufacturing has a fifty-two week low of $1.33 and a fifty-two week high of $2.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.37 and a current ratio of 1.55. The stock has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $1.68. The company has a market cap of $8.35 million, a P/E ratio of 8.35 and a beta of 0.40.

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.