Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Up 2,618.8% in January

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTWGet Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 217,500 shares, an increase of 2,618.8% from the December 31st total of 8,000 shares. Based on an average daily volume of 198,200 shares, the short-interest ratio is currently 1.1 days. Currently, 9.3% of the company’s shares are short sold.

Art’s-Way Manufacturing Price Performance

NASDAQ:ARTW traded up $0.07 during midday trading on Tuesday, hitting $1.79. The stock had a trading volume of 51,120 shares, compared to its average volume of 301,217. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $4.15. The stock has a 50-day moving average of $1.77 and a 200 day moving average of $1.71. The company has a quick ratio of 0.37, a current ratio of 1.55 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Art’s-Way Manufacturing in a research note on Tuesday, January 21st. They issued a “hold” rating on the stock.

Get Our Latest Research Report on Art’s-Way Manufacturing

Hedge Funds 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:ARTWFree Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor 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 reporting period. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

Art’s-Way Manufacturing Company Profile

(Get Free Report)

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.

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