Stran & Company, Inc. (NASDAQ:SWAG) Short Interest Up 52.8% in January

Stran & Company, Inc. (NASDAQ:SWAG) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 115,335 shares, a growth of 52.8% from the January 15th total of 75,494 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 343,109 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 343,109 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.3% of the company’s shares are short sold.

Stran & Company, Inc. Stock Performance

SWAG opened at $1.75 on Friday. Stran & Company, Inc. has a 1-year low of $0.85 and a 1-year high of $3.50. The company has a market cap of $32.01 million, a price-to-earnings ratio of -19.44 and a beta of 2.14. The company’s fifty day moving average price is $1.88 and its two-hundred day moving average price is $1.85. The company has a current ratio of 2.27, a quick ratio of 1.82 and a debt-to-equity ratio of 0.02.

Stran & Company, Inc. (NASDAQ:SWAG) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.07) EPS for the quarter. Stran & Company, Inc. had a negative return on equity of 5.05% and a negative net margin of 1.38%.The company had revenue of $25.98 million during the quarter.

Hedge Funds Weigh In On Stran & Company, Inc.

Several hedge funds have recently modified their holdings of SWAG. Commonwealth Equity Services LLC increased its position in shares of Stran & Company, Inc. by 31.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after purchasing an additional 8,300 shares during the last quarter. State Street Corp grew its position in Stran & Company, Inc. by 27.8% during the fourth quarter. State Street Corp now owns 57,424 shares of the company’s stock valued at $95,000 after buying an additional 12,500 shares during the period. Mink Brook Asset Management LLC purchased a new stake in Stran & Company, Inc. during the second quarter worth about $125,000. Citadel Advisors LLC raised its position in 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 acquiring an additional 48,382 shares during the period. Finally, Jane Street Group LLC raised its position in Stran & Company, Inc. by 618.6% in the fourth quarter. Jane Street Group LLC now owns 98,016 shares of the company’s stock worth $163,000 after acquiring an additional 84,377 shares during the period. Institutional investors own 56.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SWAG. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stran & Company, Inc. in a report on Thursday, January 22nd. Wall Street Zen raised shares of Stran & Company, Inc. to a “hold” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Stran & Company, Inc. presently has an average rating of “Sell”.

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.