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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 76,400 shares, a decrease of 23.9% from the January 31st total of 100,400 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily volume of 212,500 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Art’s-Way Manufacturing

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARTW. Jane Street Group LLC purchased a new stake in Art’s-Way Manufacturing during the 3rd quarter valued at approximately $27,000. Virtu Financial LLC purchased a new stake in Art’s-Way Manufacturing during the 4th quarter valued at approximately $60,000. Finally, Geode Capital Management LLC raised its stake in shares of Art’s-Way Manufacturing by 93.2% during the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after buying an additional 13,072 shares in the last quarter. 2.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Art’s-Way Manufacturing in a research note on Sunday. They set a “hold” rating for the company.

Art’s-Way Manufacturing Stock Down 3.0 %

ARTW opened at $1.59 on Tuesday. The business has a 50 day moving average price of $1.83 and a two-hundred day moving average price of $1.75. The company has a quick ratio of 0.42, a current ratio of 1.98 and a debt-to-equity ratio of 0.21. Art’s-Way Manufacturing has a 52 week low of $1.33 and a 52 week high of $4.15.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.