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

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

Art’s-Way Manufacturing Stock Performance

Art’s-Way Manufacturing stock opened at $1.71 on Wednesday. The firm has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $1.71. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year high of $4.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.55 and a quick ratio of 0.37.

Hedge Funds Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position 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 the company in its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.