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

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Stran & Company, Inc. to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Stran & Company, Inc. in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Stran & Company, Inc. Trading Down 0.6%

Shares of SWAG stock opened at $1.79 on Thursday. The stock has a market cap of $32.74 million, a P/E ratio of -19.89 and a beta of 2.15. The company has a quick ratio of 1.82, a current ratio of 2.27 and a debt-to-equity ratio of 0.02. Stran & Company, Inc. has a fifty-two week low of $0.89 and a fifty-two week high of $3.50. The business has a fifty day simple moving average of $1.84 and a 200-day simple moving average of $1.88.

Hedge Funds Weigh In On Stran & Company, Inc.

Several hedge funds have recently added to or reduced their stakes in SWAG. Mink Brook Asset Management LLC purchased a new stake in shares of Stran & Company, Inc. in the second quarter valued at about $125,000. Citadel Advisors LLC increased its stake in shares of Stran & Company, Inc. by 102.2% during the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after purchasing an additional 48,382 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $163,000 after purchasing an additional 18,500 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Stran & Company, Inc. by 41.1% during the 4th quarter. Renaissance Technologies LLC now owns 273,420 shares of the company’s stock worth $454,000 after purchasing an additional 79,589 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted 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 valued at $58,000 after buying an additional 8,300 shares in the last quarter. 56.42% of the stock is currently owned by hedge funds and other institutional investors.

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.