Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Up 66.7% in June

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 500 shares, an increase of 66.7% from the June 15th total of 300 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Art’s-Way Manufacturing in a research note on Friday, July 5th. They set a “hold” rating on the stock.

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ:ARTW opened at $1.56 on Friday. The company’s fifty day moving average is $1.71 and its two-hundred day moving average is $1.93. The company has a quick ratio of 0.38, a current ratio of 1.51 and a debt-to-equity ratio of 0.29. Art’s-Way Manufacturing has a 12-month low of $1.33 and a 12-month high of $2.90. The company has a market cap of $7.91 million, a P/E ratio of 8.25 and a beta of 0.36.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its quarterly earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) earnings per share for the quarter. Art’s-Way Manufacturing had a negative return on equity of 2.79% and a negative net margin of 1.86%. The company had revenue of $5.72 million during the quarter.

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.