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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 12,100 shares, a decrease of 43.5% from the October 31st total of 21,400 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 46,400 shares, the days-to-cover ratio is presently 0.3 days.

Art’s-Way Manufacturing Trading Up 2.4 %

Shares of Art’s-Way Manufacturing stock traded up $0.04 on Friday, hitting $1.70. 713 shares of the company’s stock traded hands, compared to its average volume of 31,291. The company has a fifty day moving average of $1.68 and a two-hundred day moving average of $1.68. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $2.37. The company has a market capitalization of $8.55 million, a price-to-earnings ratio of 8.30 and a beta of 0.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.55 and a quick ratio of 0.37.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Jane Street Group LLC acquired a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned approximately 0.29% of Art’s-Way Manufacturing at the end of the most recent reporting period. Institutional investors own 2.91% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Art’s-Way Manufacturing in a report on Tuesday. They issued 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.