Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Update

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,400 shares, a growth of 466.7% from the August 31st total of 600 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 61,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 61,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Insider Buying and Selling

In other Art’s-Way Manufacturing news, CFO Michael William Woods sold 7,592 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $3.31, for a total value of $25,129.52. Following the completion of the sale, the chief financial officer directly owned 36,597 shares in the company, valued at $121,136.07. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 52.80% of the company’s stock.

Art’s-Way Manufacturing Stock Performance

NASDAQ ARTW opened at $2.92 on Friday. The company has a quick ratio of 0.51, a current ratio of 2.72 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average is $3.22 and its 200-day moving average is $2.33. Art’s-Way Manufacturing has a one year low of $1.43 and a one year high of $4.71.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings results on Thursday, July 10th. The industrial products company reported $0.06 EPS for the quarter. The company had revenue of $6.34 million for the quarter. Art’s-Way Manufacturing had a return on equity of 4.94% and a net margin of 9.61%.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.