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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 217,500 shares, a growth of 2,618.8% from the December 15th total of 8,000 shares. Currently, 9.3% of the company’s stock are short sold. Based on an average trading volume of 198,200 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Art’s-Way Manufacturing in a research note on Monday. They issued a “hold” rating for the company.

Institutional Trading of Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Jane Street Group LLC acquired a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.29% of Art’s-Way Manufacturing as of its most recent filing with the Securities and Exchange Commission. 2.91% of the stock is owned by institutional investors.

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ ARTW opened at $1.63 on Wednesday. Art’s-Way Manufacturing has a 52-week low of $1.33 and a 52-week high of $4.15. The business has a 50-day moving average price of $1.75 and a 200 day moving average price of $1.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.55 and a quick ratio of 0.37.

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.