Stran & Company, Inc. (NASDAQ:SWAG) Sees Significant Decline in Short Interest

Stran & Company, Inc. (NASDAQ:SWAG) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 25,710 shares, a decline of 48.2% from the April 15th total of 49,604 shares. Based on an average daily volume of 47,042 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Stran & Company, Inc. Stock Up 6.2%

Shares of Stran & Company, Inc. stock traded up $0.11 on Friday, reaching $1.89. 64,729 shares of the company were exchanged, compared to its average volume of 68,657. Stran & Company, Inc. has a one year low of $1.05 and a one year high of $3.50. The company has a market capitalization of $35.48 million, a price-to-earnings ratio of 189.19 and a beta of 1.89. The company has a current ratio of 2.20, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $1.69 and a 200 day moving average of $1.85.

Stran & Company, Inc. (NASDAQ:SWAG) last announced its quarterly earnings data 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. Stran & Company, Inc. had a return on equity of 1.26% and a net margin of 0.33%.The company had revenue of $31.25 million for the quarter, compared to analysts’ expectations of $14.00 million.

Institutional Investors Weigh In On Stran & Company, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mink Brook Asset Management LLC raised its holdings 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 purchasing an additional 198,993 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Stran & Company, Inc. by 41.1% in the 4th quarter. Renaissance Technologies LLC now owns 273,420 shares of the company’s stock valued at $454,000 after purchasing an additional 79,589 shares during the period. Geode Capital Management LLC raised its holdings 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 period. Jane Street Group LLC raised its holdings in shares of Stran & Company, Inc. by 618.6% in the 4th quarter. Jane Street Group LLC now owns 98,016 shares of the company’s stock valued at $163,000 after purchasing an additional 84,377 shares during the period. Finally, Citadel Advisors LLC raised its holdings in shares of Stran & Company, Inc. by 102.2% in the 3rd quarter. Citadel Advisors LLC now owns 95,724 shares of the company’s stock valued at $159,000 after purchasing an additional 48,382 shares during the period. 56.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SWAG has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stran & Company, Inc. in a research report on Tuesday, April 21st. Wall Street Zen upgraded Stran & Company, Inc. to a “hold” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Stran & Company, Inc. currently has a consensus rating of “Sell”.

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.