Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Down 91.0% in December

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 3,549 shares, a decline of 91.0% from the November 30th total of 39,428 shares. Based on an average trading volume of 31,172 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 31,172 shares, the days-to-cover ratio is currently 0.1 days.

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ:ARTW opened at $2.32 on Friday. The firm has a market capitalization of $11.86 million, a PE ratio of 23.20 and a beta of 0.74. The business has a 50 day simple moving average of $2.35 and a two-hundred day simple moving average of $2.65. Art’s-Way Manufacturing has a 1 year low of $1.43 and a 1 year high of $4.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.54 and a quick ratio of 0.53.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its quarterly earnings results on Tuesday, October 7th. The industrial products company reported $0.05 earnings per share for the quarter. Art’s-Way Manufacturing had a return on equity of 6.64% and a net margin of 10.43%.The firm had revenue of $6.43 million for the quarter.

Institutional Investors Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 43,199 shares of the industrial products company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned 0.85% of Art’s-Way Manufacturing at the end of the most recent reporting period. 2.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Art’s-Way Manufacturing Company Profile

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.