Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Down 45.4% in October

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 21,200 shares, a decrease of 45.4% from the September 30th total of 38,800 shares. Based on an average daily trading volume, of 83,100 shares, the short-interest ratio is presently 0.3 days. Approximately 0.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Art’s-Way Manufacturing in a report on Friday. They issued a “hold” rating on the stock.

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ:ARTW opened at $1.61 on Friday. Art’s-Way Manufacturing has a twelve month low of $1.33 and a twelve month high of $2.37. The company has a market cap of $8.16 million, a price-to-earnings ratio of 8.00 and a beta of 0.38. The business has a 50 day moving average price of $1.79 and a 200 day moving average price of $1.73. The company has a quick ratio of 0.36, a current ratio of 1.56 and a debt-to-equity ratio of 0.29.

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.