Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Decreases By 23.9%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 76,400 shares, a decrease of 23.9% from the January 31st total of 100,400 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 212,500 shares, the short-interest ratio is currently 0.4 days.

Art’s-Way Manufacturing Price Performance

Shares of ARTW stock opened at $1.58 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 0.42 and a debt-to-equity ratio of 0.21. Art’s-Way Manufacturing has a 12 month low of $1.33 and a 12 month high of $4.15. The stock has a 50-day moving average price of $1.83 and a 200 day moving average price of $1.75.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Several large investors have recently bought and sold shares of ARTW. Jane Street Group LLC acquired a new position in shares of Art’s-Way Manufacturing in the 3rd quarter valued at $27,000. Geode Capital Management LLC boosted its stake in Art’s-Way Manufacturing by 93.2% during the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 13,072 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Art’s-Way Manufacturing in the fourth quarter valued at approximately $60,000. 2.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.