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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 8,000 shares, a decrease of 28.6% from the November 30th total of 11,200 shares. Based on an average trading volume of 19,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Art’s-Way Manufacturing Price Performance

NASDAQ ARTW traded up $0.45 during trading hours on Friday, reaching $2.44. 871,956 shares of the company’s stock traded hands, compared to its average volume of 37,477. Art’s-Way Manufacturing has a 52-week low of $1.33 and a 52-week high of $2.55. The company has a current ratio of 1.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.28. The firm has a 50-day simple moving average of $1.64 and a 200 day simple moving average of $1.66.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group LLC purchased a new stake in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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. 2.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Art’s-Way Manufacturing in a report on Saturday. They issued a “hold” rating for the company.

Art’s-Way Manufacturing Company Profile

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.