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

Stran & Company, Inc. (NASDAQ:SWAG) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 16,077 shares, a drop of 37.5% from the April 30th total of 25,710 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 83,534 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Stran & Company, Inc.

Several hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in shares of 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 buying an additional 8,300 shares during the period. XTX Topco Ltd raised its holdings in shares of 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 buying an additional 11,562 shares during the period. State Street Corp raised its holdings 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 valued at $95,000 after buying an additional 12,500 shares during the period. Mink Brook Asset Management LLC raised its holdings in shares of Stran & Company, Inc. by 17.0% during the 3rd quarter. Mink Brook Asset Management LLC now owns 101,540 shares of the company’s stock valued at $169,000 after buying an additional 14,768 shares during the period. Finally, Geode Capital Management LLC raised its holdings 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 valued at $163,000 after buying an additional 18,500 shares during the period. 56.42% of the stock is currently owned by hedge funds and other institutional investors.

Stran & Company, Inc. Stock Down 0.4%

Shares of NASDAQ:SWAG opened at $2.26 on Wednesday. The stock’s 50-day moving average price is $1.75 and its two-hundred day moving average price is $1.84. The company has a current ratio of 2.20, a quick ratio of 1.76 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 cap of $42.42 million, a price-to-earnings ratio of 226.23 and a beta of 1.99.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised Stran & Company, Inc. from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company 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.