Stran & Company, Inc. (NASDAQ:SWAG) Short Interest Down 37.6% in June

Stran & Company, Inc. (NASDAQ:SWAG) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 21,834 shares, a decrease of 37.6% from the June 15th total of 34,984 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 39,498 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Stran & Company, Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd raised its position 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 worth $36,000 after purchasing an additional 11,562 shares during the period. State Street Corp boosted its holdings in shares of Stran & Company, Inc. by 27.8% in the fourth quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after buying an additional 12,500 shares during the period. Mink Brook Asset Management LLC lifted its position in shares of Stran & Company, Inc. by 196.0% in the 4th quarter. Mink Brook Asset Management LLC now owns 300,533 shares of the company’s stock valued at $499,000 after acquiring an additional 198,993 shares in the last quarter. Renaissance Technologies LLC raised its stake in Stran & Company, Inc. by 41.1% during the 4th quarter. Renaissance Technologies LLC now owns 273,420 shares of the company’s stock valued at $454,000 after purchasing an additional 79,589 shares during the period. Finally, Jane Street Group LLC lifted its stake in Stran & Company, Inc. by 618.6% in the 4th quarter. Jane Street Group LLC now owns 98,016 shares of the company’s stock worth $163,000 after acquiring an additional 84,377 shares in the last quarter. 56.42% of the stock is currently owned by institutional investors.

Stran & Company, Inc. Price Performance

Shares of NASDAQ:SWAG opened at $2.08 on Friday. The company has a market cap of $38.95 million, a PE ratio of 208.11 and a beta of 1.97. The firm has a 50-day simple moving average of $2.05 and a 200 day simple moving average of $1.87. Stran & Company, Inc. has a fifty-two week low of $1.37 and a fifty-two week high of $3.50. The company has a quick ratio of 1.76, a current ratio of 2.20 and a debt-to-equity ratio of 0.01.

Stran & Company, Inc. (NASDAQ:SWAG) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. Stran & Company, Inc. had a return on equity of 1.26% and a net margin of 0.33%.The business had revenue of $31.25 million during the quarter, compared to analyst estimates of $14.00 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Stran & Company, Inc. from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.