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 large drop in short interest in November. As of November 15th, there was short interest totalling 12,100 shares, a drop of 43.5% from the October 31st total of 21,400 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 46,400 shares, the short-interest ratio is presently 0.3 days.

Art’s-Way Manufacturing Stock Up 2.4 %

ARTW stock traded up $0.04 during mid-day trading on Friday, reaching $1.70. 713 shares of the company traded hands, compared to its average volume of 31,291. The company has a quick ratio of 0.37, a current ratio of 1.55 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average price is $1.68 and its 200 day moving average price is $1.68. The stock has a market cap of $8.55 million, a price-to-earnings ratio of 8.30 and a beta of 0.40. Art’s-Way Manufacturing has a fifty-two week low of $1.33 and a fifty-two week high of $2.37.

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 stake in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm 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 quarter. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Wall Street Analyst Weigh In

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