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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 1,600 shares, a drop of 42.9% from the March 31st total of 2,800 shares. Based on an average daily trading 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.

Art’s-Way Manufacturing Stock Performance

Shares of Art’s-Way Manufacturing stock traded down $0.02 during trading on Friday, reaching $1.94. The company’s stock had a trading volume of 1,632 shares, compared to its average volume of 8,875. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 1.51. The business’s fifty day moving average price is $2.03 and its 200-day moving average price is $2.05. The firm has a market cap of $9.84 million, a price-to-earnings ratio of 9.70 and a beta of 0.39. Art’s-Way Manufacturing has a one year low of $1.85 and a one year high of $2.90.

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. The business had revenue of $5.72 million during the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.09% and a negative net margin of 0.64%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Art’s-Way Manufacturing in a report on Wednesday. They set a “hold” rating on the stock.

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.