Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Declines By 43.5%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 12,100 shares, a decline 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 currently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

Art’s-Way Manufacturing Stock Up 2.1 %

Shares of NASDAQ ARTW traded up $0.04 during midday trading on Friday, reaching $1.70. 713 shares of the company’s stock were exchanged, compared to its average volume of 31,291. Art’s-Way Manufacturing has a 52-week low of $1.33 and a 52-week high of $2.37. The stock has a market capitalization of $8.53 million, a PE ratio of 8.30 and a beta of 0.40. 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 business’s fifty day moving average price is $1.68 and its two-hundred day moving average price is $1.68.

Institutional Trading of Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group 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 (SEC). The fund acquired 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned about 0.29% of Art’s-Way Manufacturing as of its most recent SEC filing. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Art’s-Way Manufacturing in a research report on Tuesday. They set a “hold” rating on the stock.

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.