Short Interest in Stran & Company, Inc. (NASDAQ:SWAG) Drops By 37.6%

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

Wall Street Analysts Forecast Growth

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

Stran & Company, Inc. Trading Up 2.9%

Shares of SWAG stock opened at $2.10 on Friday. Stran & Company, Inc. has a fifty-two week low of $1.37 and a fifty-two week high of $3.50. The company has a 50 day moving average price of $2.06 and a 200 day moving average price of $1.87. The stock has a market capitalization of $39.14 million, a P/E ratio of 210.21 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.76 and a current ratio of 2.20.

Stran & Company, Inc. (NASDAQ:SWAG) last issued its quarterly 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 company had revenue of $31.25 million during 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%.

Institutional Trading of Stran & Company, Inc.

Hedge funds have recently modified their holdings of the stock. Mink Brook Asset Management LLC boosted its stake in shares of Stran & Company, Inc. by 196.0% in the 4th quarter. Mink Brook Asset Management LLC now owns 300,533 shares of the company’s stock valued at $499,000 after buying an additional 198,993 shares during the period. Jane Street Group LLC increased its stake in shares of Stran & Company, Inc. by 618.6% during the fourth 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. Renaissance Technologies LLC increased its stake in shares of Stran & Company, Inc. by 41.1% during the fourth quarter. Renaissance Technologies LLC now owns 273,420 shares of the company’s stock worth $454,000 after buying an additional 79,589 shares during the period. Citadel Advisors LLC raised 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Stran & Company, Inc. by 23.3% in the fourth quarter. Geode Capital Management LLC now owns 98,042 shares of the company’s stock valued at $163,000 after acquiring an additional 18,500 shares in the last quarter. 56.42% of the stock is currently owned by institutional investors and hedge funds.

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.