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 May. As of May 15th, there was short interest totaling 16,077 shares, a decline of 37.5% from the April 30th total of 25,710 shares. Based on an average trading volume of 83,534 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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, According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd increased 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 during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of 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 period. State Street Corp increased its position 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 in the last quarter. Mink Brook Asset Management LLC acquired a new stake in Stran & Company, Inc. during the 2nd quarter valued at $125,000. Finally, Citadel Advisors LLC increased its holdings in Stran & Company, Inc. by 102.2% during the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock valued at $159,000 after purchasing an additional 48,382 shares in the last quarter. 56.42% of the stock is owned by institutional investors and hedge funds.

Stran & Company, Inc. Stock Down 0.4%

Shares of Stran & Company, Inc. stock opened at $2.26 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.20 and a debt-to-equity ratio of 0.01. Stran & Company, Inc. has a 12-month low of $1.07 and a 12-month high of $3.50. The firm has a market capitalization of $42.42 million, a PE ratio of 226.23 and a beta of 1.99. The stock’s fifty day moving average is $1.75 and its 200-day moving average is $1.84.

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

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.