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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 38,800 shares, a growth of 27.6% from the September 15th total of 30,400 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 81,000 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

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 Trading Down 2.4 %

Shares of ARTW stock opened at $1.67 on Friday. Art’s-Way Manufacturing has a 12-month low of $1.33 and a 12-month high of $2.37. The company has a current ratio of 1.56, a quick ratio of 0.36 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $1.76 and its 200 day moving average is $1.76. The stock has a market capitalization of $8.46 million, a P/E ratio of 8.55 and a beta of 0.38.

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.