Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Sees Significant Decrease in Short Interest

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,600 shares, a decrease of 42.9% from the March 31st total of 2,800 shares. Based on an average daily volume of 13,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Ratings Changes

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

Art’s-Way Manufacturing Stock Down 1.0 %

Shares of Art’s-Way Manufacturing stock traded down $0.02 during trading hours on Friday, reaching $1.94. 1,632 shares of the company’s stock were exchanged, compared to its average volume of 8,875. The company has a 50 day moving average of $2.03 and a two-hundred day moving average of $2.05. Art’s-Way Manufacturing has a fifty-two week low of $1.85 and a fifty-two week high of $2.90. The company has a current ratio of 1.51, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. The stock has a market cap of $9.84 million, a P/E ratio of 9.70 and a beta of 0.39.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its quarterly earnings data on Tuesday, April 9th. The industrial products company reported ($0.09) EPS for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.09% and a negative net margin of 0.64%. The business had revenue of $5.72 million for the quarter.

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.