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

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

Stran & Company, Inc. Price Performance

Shares of SWAG stock traded up $0.06 during trading on Friday, hitting $2.10. The company had a trading volume of 13,898 shares, compared to its average volume of 23,816. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.76 and a current ratio of 2.20. The firm has a market capitalization of $39.14 million, a P/E ratio of 210.21 and a beta of 1.97. The stock’s 50-day moving average price is $2.06 and its 200 day moving average price is $1.87. Stran & Company, Inc. has a one year low of $1.37 and a one year high of $3.50.

Stran & Company, Inc. (NASDAQ:SWAG) last issued its quarterly earnings results 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. The business had revenue of $31.25 million for the quarter, compared to the consensus estimate of $14.00 million. Stran & Company, Inc. had a return on equity of 1.26% and a net margin of 0.33%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of 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, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On Stran & Company, Inc.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake 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 last quarter. XTX Topco Ltd lifted 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 last quarter. State Street Corp increased its stake in shares of Stran & Company, Inc. by 27.8% in the 4th quarter. State Street Corp now owns 57,424 shares of the company’s stock valued at $95,000 after purchasing an additional 12,500 shares during the last quarter. Geode Capital Management LLC increased its stake 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 purchasing an additional 18,500 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings 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 buying an additional 48,382 shares in the last quarter. Institutional investors own 56.42% of the company’s stock.

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.