Stran & Company, Inc. (NASDAQ:SWAG) Short Interest Down 42.1% in August

Stran & Company, Inc. (NASDAQ:SWAG) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,852 shares, a decline of 42.1% from the August 15th total of 4,923 shares. Based on an average daily volume of 39,296 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Stran & Company, Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Stran & Company, Inc. Stock Down 3.8%

Shares of Stran & Company, Inc. stock opened at $1.53 on Friday. The business has a fifty day simple moving average of $1.88 and a 200 day simple moving average of $1.87. 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 posted its earnings results on Tuesday, August 11th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Stran & Company, Inc. had a return on equity of 0.18% and a net margin of 0.05%.The firm had revenue of $33.36 million during the quarter, compared to analysts’ expectations of $11.23 million.

About Stran & Company, Inc.

Stran & Company, Inc is a promotional products and branded merchandise company that helps organizations develop, source, and distribute customized marketing materials. Its offerings include branded apparel, bags, drinkware, writing instruments, awards, packaging, print materials, and other promotional products.

The company provides related services such as creative design, product sourcing, kitting and fulfillment, inventory management, e-commerce storefronts, and program management.