Stran & Company, Inc. (NASDAQ:SWAG) Short Interest Down 54.6% in August

Stran & Company, Inc. (NASDAQ:SWAG) was the target of 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. Based on an average daily volume of 42,459 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Stran & Company, Inc. Stock Up 1.2%

Shares of SWAG stock traded up $0.02 during trading hours on Monday, reaching $1.73. 7,398 shares of the stock were exchanged, compared to its average volume of 69,149. The business’s fifty day moving average is $2.01 and its two-hundred day moving average is $1.88. Stran & Company, Inc. has a 12-month low of $1.50 and a 12-month high of $3.50.

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

Hedge Funds Weigh In On Stran & Company, Inc.

Institutional investors and hedge funds have recently modified their holdings of the company. Mink Brook Asset Management LLC purchased a new position in Stran & Company, Inc. in the second quarter valued at $125,000. Citadel Advisors LLC boosted its position 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 acquiring an additional 48,382 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 during 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 acquiring an additional 79,589 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Stran & Company, Inc. by 31.2% during 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 last quarter. Institutional investors and hedge funds own 56.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of 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, According to MarketBeat, the company currently has an average 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.