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

Stran & Company, Inc. (NASDAQ:SWAG) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 14,673 shares, a decrease of 32.8% from the June 30th total of 21,834 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 23,764 shares, the days-to-cover ratio is currently 0.6 days.

Stran & Company, Inc. Price Performance

Shares of NASDAQ:SWAG opened at $1.98 on Friday. Stran & Company, Inc. has a twelve month low of $1.37 and a twelve month high of $3.50. The stock’s 50 day moving average is $2.10 and its 200-day moving average is $1.89. The company has a quick ratio of 1.76, a current ratio of 2.20 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $36.91 million, a price-to-earnings ratio of 198.20 and a beta of 1.97.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Mink Brook Asset Management LLC bought a new stake in shares of Stran & Company, Inc. during the second quarter worth about $125,000. 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. Geode Capital Management LLC lifted its position in Stran & Company, Inc. by 23.3% in the 4th quarter. Geode Capital Management LLC now owns 98,042 shares of the company’s stock valued at $163,000 after acquiring an additional 18,500 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Stran & Company, Inc. by 41.1% during the 4th quarter. Renaissance Technologies LLC now owns 273,420 shares of the company’s stock valued at $454,000 after purchasing an additional 79,589 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Stran & Company, Inc. by 31.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after purchasing an additional 8,300 shares during the last quarter. 56.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Stran & Company, Inc. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Stran & Company, Inc. 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.