Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Declines By 91.0%
by Mitch Edgeman · The Markets DailyArt’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW – Get Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 3,549 shares, a drop of 91.0% from the November 30th total of 39,428 shares. Based on an average daily volume of 31,172 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 31,172 shares, the days-to-cover ratio is currently 0.1 days.
Art’s-Way Manufacturing Stock Performance
Shares of Art’s-Way Manufacturing stock remained flat at $2.32 during trading hours on Wednesday. The stock had a trading volume of 11,141 shares, compared to its average volume of 57,292. The firm has a 50-day simple moving average of $2.37 and a 200-day simple moving average of $2.66. Art’s-Way Manufacturing has a twelve month low of $1.43 and a twelve month high of $4.71. The company has a quick ratio of 0.53, a current ratio of 2.54 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $11.85 million, a PE ratio of 23.20 and a beta of 0.74.
Art’s-Way Manufacturing (NASDAQ:ARTW – Get Free Report) last announced its quarterly earnings data on Tuesday, October 7th. The industrial products company reported $0.05 EPS for the quarter. Art’s-Way Manufacturing had a net margin of 10.43% and a return on equity of 6.64%. The company had revenue of $6.43 million during the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
Get Our Latest Stock Report on ARTW
Hedge Funds Weigh In On Art’s-Way Manufacturing
An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Citadel Advisors LLC purchased a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,199 shares of the industrial products company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned 0.85% of Art’s-Way Manufacturing as of its most recent SEC filing. Institutional investors own 2.91% of the company’s stock.
Art’s-Way Manufacturing Company Profile
Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.
In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.