Stran & Company, Inc. (NASDAQ:SWAG) Short Interest Down 41.9% in February

Stran & Company, Inc. (NASDAQ:SWAG) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 77,955 shares, a decline of 41.9% from the February 12th total of 134,114 shares. Based on an average daily volume of 46,150 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.8% of the shares of the company are sold short. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 46,150 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SWAG shares. Wall Street Zen raised Stran & Company, Inc. to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Stran & Company, Inc. in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Stran & Company, Inc.

Hedge funds have recently bought and sold shares of the stock. Mink Brook Asset Management LLC grew its position in Stran & Company, Inc. by 196.0% in the 4th quarter. Mink Brook Asset Management LLC now owns 300,533 shares of the company’s stock worth $499,000 after purchasing an additional 198,993 shares during the last quarter. Jane Street Group LLC raised its position in shares of Stran & Company, Inc. by 618.6% during the fourth quarter. Jane Street Group LLC now owns 98,016 shares of the company’s stock valued at $163,000 after buying an additional 84,377 shares during the last quarter. 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 valued at $454,000 after buying an additional 79,589 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of Stran & Company, Inc. by 102.2% in the third quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock valued at $159,000 after buying an additional 48,382 shares during the period. Finally, Geode Capital Management LLC grew its position in 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 buying an additional 18,500 shares in the last quarter. 56.42% of the stock is owned by institutional investors.

Stran & Company, Inc. Stock Performance

Shares of SWAG stock traded up $0.03 during trading hours on Friday, reaching $1.83. 22,949 shares of the company’s stock were exchanged, compared to its average volume of 38,048. Stran & Company, Inc. has a fifty-two week low of $0.89 and a fifty-two week high of $3.50. The company has a quick ratio of 1.82, a current ratio of 2.27 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $33.47 million, a P/E ratio of -20.33 and a beta of 2.15. The business has a fifty day moving average price of $1.85 and a 200-day moving average price of $1.88.

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.