Short Interest in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Increases By 2,618.8%

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 217,500 shares, a growth of 2,618.8% from the December 15th total of 8,000 shares. Based on an average daily trading volume, of 198,200 shares, the short-interest ratio is currently 1.1 days. Approximately 9.3% of the company’s stock are short sold.

Art’s-Way Manufacturing Stock Down 10.9 %

Shares of NASDAQ ARTW opened at $1.71 on Tuesday. Art’s-Way Manufacturing has a 1 year low of $1.33 and a 1 year high of $4.15. The company has a quick ratio of 0.37, a current ratio of 1.55 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $1.75 and a two-hundred day moving average price of $1.70.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Art’s-Way Manufacturing in a research note on Monday. They set a “hold” rating on the stock.

Institutional Trading of 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 position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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. Institutional investors own 2.91% of the company’s stock.

About Art’s-Way Manufacturing

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.