Stran & Company, Inc. (NASDAQ:SWAG) Short Interest Update

Stran & Company, Inc. (NASDAQ:SWAG) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,923 shares, a decline of 54.6% from the July 30th total of 10,838 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 42,459 shares, the days-to-cover ratio is presently 0.1 days.

Stran & Company, Inc. Price Performance

Shares of Stran & Company, Inc. stock remained flat at $1.71 during trading on Friday. 5,945 shares of the company traded hands, compared to its average volume of 42,851. The firm’s 50-day simple moving average is $2.01 and its 200-day simple moving average is $1.88. Stran & Company, Inc. has a 12-month low of $1.50 and a 12-month high of $3.50.

Stran & Company, Inc. (NASDAQ:SWAG) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $33.36 million for the quarter, compared to analyst estimates of $11.23 million. Stran & Company, Inc. had a net margin of 0.05% and a return on equity of 0.18%.

Institutional Trading of Stran & Company, Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of SWAG. Commonwealth Equity Services LLC grew its holdings in 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 acquiring an additional 8,300 shares during the period. XTX Topco Ltd boosted its position in Stran & Company, Inc. by 113.7% in the 4th quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after purchasing an additional 11,562 shares in the last quarter. State Street Corp grew its stake in shares of Stran & Company, Inc. by 27.8% during the 4th quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after purchasing an additional 12,500 shares during the period. Geode Capital Management LLC grew its stake in shares of Stran & Company, Inc. by 23.3% during the 4th 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. Finally, Citadel Advisors LLC grew its stake in shares of Stran & Company, Inc. by 102.2% during the 3rd 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. 56.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Stran & Company, Inc. from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

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.