Short Interest in Stran & Company, Inc. (NASDAQ:SWAG) Drops By 34.5%

Stran & Company, Inc. (NASDAQ:SWAG) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 49,604 shares, a decrease of 34.5% from the March 31st total of 75,707 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 30,393 shares, the days-to-cover ratio is presently 1.6 days.

Stran & Company, Inc. Stock Performance

Shares of SWAG traded down $0.02 during midday trading on Tuesday, reaching $1.56. 39,339 shares of the stock were exchanged, compared to its average volume of 88,403. Stran & Company, Inc. has a twelve month low of $0.98 and a twelve month high of $3.50. The company has a quick ratio of 1.88, a current ratio of 2.34 and a debt-to-equity ratio of 0.01. The company has a market cap of $29.06 million, a P/E ratio of -31.09 and a beta of 2.11. The stock’s 50 day simple moving average is $1.71 and its 200 day simple moving average is $1.86.

Stran & Company, Inc. (NASDAQ:SWAG) last posted its earnings results on Wednesday, March 25th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Stran & Company, Inc. had a negative return on equity of 2.41% and a negative net margin of 0.64%.The company had revenue of $28.94 million during the quarter, compared to the consensus estimate of $14.00 million.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SWAG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stran & Company, Inc. in a report on Tuesday, April 21st. Wall Street Zen raised Stran & Company, Inc. to a “hold” rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Stran & Company, Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of SWAG. Mink Brook Asset Management LLC acquired a new stake in shares of Stran & Company, Inc. during the second quarter worth $125,000. Citadel Advisors LLC increased its position 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 worth $159,000 after purchasing an additional 48,382 shares during the period. Geode Capital Management LLC increased its position in shares of Stran & Company, Inc. by 23.3% in the fourth 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 during the period. Renaissance Technologies LLC increased its position in shares of Stran & Company, Inc. by 41.1% in the fourth 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 period. Finally, Commonwealth Equity Services LLC increased its position in shares of Stran & Company, Inc. by 31.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock worth $58,000 after purchasing an additional 8,300 shares during the period. Institutional investors and hedge funds own 56.42% of the company’s stock.

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.