Short Interest in Stran & Company, Inc. (NASDAQ:SWAG) Decreases By 37.5%

Stran & Company, Inc. (NASDAQ:SWAG) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 16,077 shares, a drop of 37.5% from the April 30th total of 25,710 shares. Based on an average daily volume of 83,534 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Stran & Company, Inc. Trading Down 3.3%

NASDAQ SWAG opened at $2.18 on Thursday. Stran & Company, Inc. has a 12 month low of $1.13 and a 12 month high of $3.50. The company has a current ratio of 2.20, a quick ratio of 1.76 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $1.77 and its 200-day moving average price is $1.83. The stock has a market cap of $40.84 million, a P/E ratio of 218.22 and a beta of 1.99.

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 the consensus estimate of ($0.02) by $0.06. The firm had revenue of $31.25 million during the quarter, compared to analyst estimates of $14.00 million. Stran & Company, Inc. had a return on equity of 1.26% and a net margin of 0.33%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Stran & Company, Inc. from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Stran & Company, Inc. presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SWAG. XTX Topco Ltd lifted its stake in shares of Stran & Company, Inc. by 113.7% in the fourth quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after buying an additional 11,562 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Stran & Company, Inc. by 31.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock worth $58,000 after acquiring an additional 8,300 shares during the last quarter. State Street Corp raised its holdings in Stran & Company, Inc. by 27.8% in the 4th quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after acquiring an additional 12,500 shares during the last quarter. Mink Brook Asset Management LLC bought a new position in Stran & Company, Inc. in the 2nd quarter valued at approximately $125,000. Finally, Citadel Advisors LLC lifted its position in Stran & Company, Inc. by 102.2% in the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock valued at $159,000 after acquiring an additional 48,382 shares in the last quarter. 56.42% of the stock is owned by hedge funds and other institutional investors.

Stran & Company, Inc. Company Profile

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.