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

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

Art’s-Way Manufacturing Price Performance

ARTW stock opened at $2.44 on Friday. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year high of $2.55. 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 company’s 50 day moving average is $1.64 and its 200 day moving average is $1.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Art’s-Way Manufacturing in a research note on Saturday. They issued a “hold” rating on the stock.

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 purchased a new stake in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to the company in 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 2.91% of the company’s stock.

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.