Stran & Company, Inc. (NASDAQ:SWAG) Sees Significant Decrease in Short Interest

Stran & Company, Inc. (NASDAQ:SWAG) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 25,710 shares, a decrease of 48.2% from the April 15th total of 49,604 shares. Based on an average trading volume of 47,042 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Stran & Company, Inc. Trading Up 6.2%

Shares of Stran & Company, Inc. stock traded up $0.11 on Friday, reaching $1.89. 64,729 shares of the company’s stock were exchanged, compared to its average volume of 68,657. The company has a market capitalization of $35.48 million, a P/E ratio of 189.19 and a beta of 1.89. Stran & Company, Inc. has a 52 week low of $1.05 and a 52 week high of $3.50. The firm’s 50-day moving average is $1.69 and its two-hundred day moving average is $1.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 2.20.

Stran & Company, Inc. (NASDAQ:SWAG) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $31.25 million for the quarter, compared to analysts’ expectations of $14.00 million. Stran & Company, Inc. had a return on equity of 1.26% and a net margin of 0.33%.

Analyst Upgrades and Downgrades

SWAG has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stran & Company, Inc. in a report on Tuesday, April 21st. Wall Street Zen upgraded Stran & Company, Inc. to a “hold” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Stran & Company, Inc.

A number of institutional investors have recently modified their holdings of SWAG. Mink Brook Asset Management LLC acquired a new position in shares of Stran & Company, Inc. during the second quarter worth approximately $125,000. Citadel Advisors LLC raised its position in shares of Stran & Company, Inc. by 102.2% during the third quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after purchasing an additional 48,382 shares during the period. Geode Capital Management LLC raised its position in shares of Stran & Company, Inc. by 23.3% during the fourth quarter. Geode Capital Management LLC now owns 98,042 shares of the company’s stock worth $163,000 after purchasing an additional 18,500 shares during the period. Renaissance Technologies LLC raised its position in shares of Stran & Company, Inc. by 41.1% during the fourth quarter. Renaissance Technologies LLC now owns 273,420 shares of the company’s stock worth $454,000 after purchasing an additional 79,589 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of Stran & Company, Inc. by 31.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock worth $58,000 after purchasing an additional 8,300 shares during the period. 56.42% of the stock is owned by institutional investors and hedge funds.

About Stran & Company, Inc.

Stran & Co, Inc engages in the provision of promotional marketing and branded merchandise services. It offers promotional product, custom manufacturing, custom packaging, warehousing, and program management. The company was founded by Andrew Shape and Andrew Stranberg in 1994 and is headquartered in Quincy, MA.