Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Down 28.6% in December

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 8,000 shares, a decline of 28.6% from the November 30th total of 11,200 shares. Based on an average daily volume of 19,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Art’s-Way Manufacturing Stock Performance

Shares of Art’s-Way Manufacturing stock traded up $0.45 on Friday, hitting $2.44. The stock had a trading volume of 871,956 shares, compared to its average volume of 37,477. The stock’s 50-day simple moving average is $1.64 and its two-hundred day simple moving average is $1.66. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $2.55. The company has a quick ratio of 0.37, a current ratio of 1.55 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Art’s-Way Manufacturing in a report on Saturday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group LLC acquired a new stake in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.29% of Art’s-Way Manufacturing at the end of the most recent quarter. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

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.