Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Down 7.4% in November

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 11,200 shares, a decrease of 7.4% from the November 15th total of 12,100 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Art’s-Way Manufacturing

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

Art’s-Way Manufacturing Stock Performance

Shares of Art’s-Way Manufacturing stock opened at $1.53 on Wednesday. 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 company has a 50 day moving average of $1.63 and a 200-day moving average of $1.66. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year high of $2.37.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Art’s-Way Manufacturing in a research note on Thursday, December 12th. They issued a “hold” rating for the company.

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.