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

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

Institutional Trading of Stran & Company, Inc.

Several large investors have recently bought and sold shares of SWAG. XTX Topco Ltd increased its stake in Stran & Company, Inc. by 113.7% during the 4th quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock valued at $36,000 after purchasing an additional 11,562 shares in the last quarter. Mink Brook Asset Management LLC grew its holdings in shares of Stran & Company, Inc. by 196.0% during the fourth quarter. Mink Brook Asset Management LLC now owns 300,533 shares of the company’s stock valued at $499,000 after buying an additional 198,993 shares during the last quarter. State Street Corp increased its position in shares of Stran & Company, Inc. by 27.8% in the 4th quarter. State Street Corp now owns 57,424 shares of the company’s stock valued at $95,000 after acquiring an additional 12,500 shares during the period. Jane Street Group LLC raised its stake in Stran & Company, Inc. by 618.6% in the 4th quarter. Jane Street Group LLC now owns 98,016 shares of the company’s stock worth $163,000 after acquiring an additional 84,377 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake 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. Hedge funds and other institutional investors own 56.42% of the company’s stock.

Stran & Company, Inc. Price Performance

SWAG stock remained flat at $1.71 on Friday. The company had a trading volume of 5,945 shares, compared to its average volume of 42,851. Stran & Company, Inc. has a 1 year low of $1.50 and a 1 year high of $3.50. The stock’s 50-day simple moving average is $2.01 and its 200 day simple moving average is $1.88.

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Stran & Company, Inc. from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Stran & Company, Inc. has a consensus rating of “Hold”.

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.