Arts-Way Manufacturing Co. Inc. (NASDAQ:ARTW) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 63,900 shares, a decline of 11.4% from the May 30th total of 72,100 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is currently 6.0 days.
Shares of Arts-Way Manufacturing stock opened at $2.12 on Friday. The company has a 50-day simple moving average of $2.07. Arts-Way Manufacturing has a 52-week low of $1.85 and a 52-week high of $3.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 0.42.
Arts-Way Manufacturing (NASDAQ:ARTW) last announced its earnings results on Monday, April 8th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $4.12 million during the quarter. Arts-Way Manufacturing had a negative net margin of 18.47% and a negative return on equity of 24.84%.
About Arts-Way Manufacturing
Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools worldwide. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment offers specialized farm machineries, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment consisting of forage boxes, blowers, running gear, and dump boxes; portable grain augers; manure spreaders; sugar beet harvesting equipment; land maintenance equipment; moldboard plows; potato harvesters; grinder mixers; reels for combines and swathers; silage blowers and reels; and after-market service parts under the Art's-Way, Miller Pro, Roda, M&W, Badger, and UHC by Art's-Way brands.
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