Stran & Company, Inc. (NASDAQ:SWAG) Sees Large Drop in Short Interest

Stran & Company, Inc. (NASDAQ:SWAG) was the target of a large decrease in short interest in 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. Based on an average daily trading volume, of 23,764 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. XTX Topco Ltd increased its stake in Stran & Company, Inc. by 113.7% in the 4th quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after purchasing an additional 11,562 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Stran & Company, Inc. by 31.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after buying an additional 8,300 shares in the last quarter. 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 acquired a new position in shares of Stran & Company, Inc. in the second quarter worth about $125,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Stran & Company, Inc. by 102.2% in the third quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock worth $159,000 after buying an additional 48,382 shares during the period. Institutional investors own 56.42% of the company’s stock.

Stran & Company, Inc. Stock Performance

Shares of SWAG opened at $1.97 on Friday. The firm has a 50-day moving average price of $2.10 and a 200 day moving average price of $1.89. The firm has a market capitalization of $36.72 million, a PE ratio of 197.20 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. has a 52-week low of $1.37 and a 52-week high of $3.50.

Stran & Company, Inc. (NASDAQ:SWAG) last released its earnings results on Tuesday, May 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. The firm had revenue of $31.25 million for the quarter, compared to analysts’ expectations of $14.00 million. Stran & Company, Inc. had a net margin of 0.33% and a return on equity of 1.26%.

Wall Street Analyst Weigh In

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 company presently has a consensus rating of “Hold”.

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.