Short Interest in Stran & Company, Inc. (NASDAQ:SWAG) Drops By 44.5%

Stran & Company, Inc. (NASDAQ:SWAG) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 65,372 shares, a decline of 44.5% from the December 15th total of 117,834 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 94,973 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 94,973 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Stran & Company, Inc. in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Stran & Company, Inc. has an average rating of “Sell”.

Institutional Investors Weigh In On Stran & Company, Inc.

A hedge fund recently bought a new stake in Stran & Company, Inc. stock. Mink Brook Asset Management LLC purchased a new stake in shares of Stran & Company, Inc. (NASDAQ:SWAG) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 86,772 shares of the company’s stock, valued at approximately $125,000. Mink Brook Asset Management LLC owned 0.47% of Stran & Company, Inc. as of its most recent SEC filing. 56.42% of the stock is owned by institutional investors.

Stran & Company, Inc. Stock Down 3.3%

NASDAQ SWAG opened at $2.07 on Thursday. The stock’s 50-day moving average price is $2.02 and its 200-day moving average price is $1.79. The company has a quick ratio of 1.82, a current ratio of 2.27 and a debt-to-equity ratio of 0.02. Stran & Company, Inc. has a 52 week low of $0.75 and a 52 week high of $3.50. The company has a market capitalization of $37.86 million, a P/E ratio of -23.00 and a beta of 2.14.

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

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.