Stran & Company, Inc. (NASDAQ:SWAG) Sees Significant Decline in Short Interest

Stran & Company, Inc. (NASDAQ:SWAG) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 25,710 shares, a decrease of 48.2% from the April 15th total of 49,604 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 47,042 shares, the short-interest ratio is currently 0.5 days.

Stran & Company, Inc. Stock Up 5.6%

Shares of NASDAQ SWAG traded up $0.11 during trading on Monday, reaching $2.00. The company had a trading volume of 95,802 shares, compared to its average volume of 87,252. Stran & Company, Inc. has a 12-month low of $1.05 and a 12-month high of $3.50. The stock has a market cap of $37.46 million, a PE ratio of 199.80 and a beta of 1.89. The business’s 50-day moving average is $1.69 and its 200 day moving average is $1.85. 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 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 firm had revenue of $31.25 million for the quarter, compared to analysts’ expectations of $14.00 million.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SWAG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stran & Company, Inc. in a research note on Tuesday, April 21st. Wall Street Zen raised Stran & Company, Inc. to a “hold” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Stran & Company, Inc.

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd grew its stake in shares of Stran & Company, Inc. by 113.7% in the fourth quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after acquiring an additional 11,562 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Stran & Company, Inc. by 31.2% in the fourth 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 during the period. State Street Corp lifted its holdings in Stran & Company, Inc. by 27.8% in the fourth quarter. State Street Corp now owns 57,424 shares of the company’s stock valued at $95,000 after acquiring an additional 12,500 shares during the period. Mink Brook Asset Management LLC bought a new position in Stran & Company, Inc. in the second quarter valued at about $125,000. Finally, Citadel Advisors LLC lifted its holdings in Stran & Company, Inc. by 102.2% in the third quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock valued at $159,000 after acquiring an additional 48,382 shares during the period. 56.42% of the stock is owned by hedge funds and other institutional investors.

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.