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

Stran & Company, Inc. (NASDAQ:SWAG) saw a significant 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 42,459 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Stran & Company, Inc.

Several large investors have recently bought and sold shares of the company. XTX Topco Ltd grew its stake in shares of Stran & Company, Inc. by 113.7% during the fourth quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock valued at $36,000 after acquiring an additional 11,562 shares in the last quarter. Commonwealth Equity Services LLC grew its position 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 last quarter. State Street Corp lifted its holdings 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 worth $95,000 after purchasing an additional 12,500 shares during the last quarter. Mink Brook Asset Management LLC acquired a new position in shares of Stran & Company, Inc. during the second quarter valued at $125,000. Finally, Citadel Advisors LLC boosted its position in shares of Stran & Company, Inc. by 102.2% during the third quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after buying an additional 48,382 shares during the period. Institutional investors and hedge funds own 56.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Stran & Company, Inc. from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Stran & Company, Inc. Price Performance

Shares of NASDAQ:SWAG opened at $1.71 on Friday. Stran & Company, Inc. has a 52 week low of $1.50 and a 52 week high of $3.50. The business has a fifty day simple moving average of $2.01 and a 200-day simple moving average of $1.88.

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

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.