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

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

Art’s-Way Manufacturing Trading Down 0.5 %

Shares of NASDAQ:ARTW opened at $1.96 on Friday. The stock has a market capitalization of $9.94 million, a PE ratio of 9.96 and a beta of 0.39. The company’s 50-day moving average price is $2.04 and its two-hundred day moving average price is $2.05. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.51 and a quick ratio of 0.38. 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 issued its quarterly earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) EPS for the quarter. The company had revenue of $5.72 million for the quarter. Art’s-Way Manufacturing had a negative net margin of 0.64% and a negative return on equity of 0.09%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of 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.