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 increase in short interest during the month of January. As of January 15th, there was short interest totalling 217,500 shares, an increase of 2,618.8% from the December 31st total of 8,000 shares. Based on an average daily volume of 198,200 shares, the short-interest ratio is currently 1.1 days. Currently, 9.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group LLC bought a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.29% of Art’s-Way Manufacturing as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 2.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Art’s-Way Manufacturing in a report on Wednesday. They issued a “hold” rating on the stock.

Art’s-Way Manufacturing Stock Up 2.0 %

NASDAQ:ARTW opened at $1.75 on Thursday. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $4.15. The firm’s fifty day moving average price is $1.77 and its two-hundred day moving average price is $1.71. The company has a current ratio of 1.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.28.

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.