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

Stran & Company, Inc. (NASDAQ:SWAG) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 14,673 shares, a decrease of 32.8% from the June 30th total of 21,834 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 23,764 shares, the short-interest ratio is currently 0.6 days.

Stran & Company, Inc. Trading Down 2.9%

SWAG opened at $1.98 on Friday. Stran & Company, Inc. has a twelve month low of $1.37 and a twelve month high of $3.50. The company has a fifty day moving average of $2.10 and a 200-day moving average of $1.89. The stock has a market cap of $36.91 million, a PE ratio of 198.20 and a beta of 1.97. 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 released its earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. The business had revenue of $31.25 million for the quarter, compared to analyst estimates of $14.00 million. Stran & Company, Inc. had a net margin of 0.33% and a return on equity of 1.26%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Stran & Company, Inc.

Institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd grew its stake in 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. Mink Brook Asset Management LLC boosted its holdings in shares of Stran & Company, Inc. by 196.0% during the 4th quarter. Mink Brook Asset Management LLC now owns 300,533 shares of the company’s stock worth $499,000 after buying an additional 198,993 shares in the last quarter. State Street Corp boosted its holdings in shares of Stran & Company, Inc. by 27.8% during the 4th quarter. State Street Corp now owns 57,424 shares of the company’s stock worth $95,000 after buying an additional 12,500 shares in the last quarter. Jane Street Group LLC grew its position in shares of Stran & Company, Inc. by 618.6% during the 4th quarter. Jane Street Group LLC now owns 98,016 shares of the company’s stock worth $163,000 after buying an additional 84,377 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of 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 acquiring an additional 8,300 shares in the last quarter. Institutional investors own 56.42% of the company’s stock.

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.