Stran & Company, Inc. (NASDAQ:SWAG) Short Interest Update

Stran & Company, Inc. (NASDAQ:SWAG) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 16,077 shares, a decline of 37.5% from the April 30th total of 25,710 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 83,534 shares, the days-to-cover ratio is currently 0.2 days.

Stran & Company, Inc. Stock Performance

Stran & Company, Inc. stock opened at $2.11 on Friday. The stock’s 50 day simple moving average is $1.78 and its two-hundred day simple moving average is $1.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.76 and a current ratio of 2.20. The stock has a market cap of $39.60 million, a price-to-earnings ratio of 211.21 and a beta of 1.99. Stran & Company, Inc. has a fifty-two week low of $1.13 and a fifty-two week high of $3.50.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised Stran & Company, Inc. from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Stran & Company, Inc. currently has an average rating of “Hold”.

Institutional Trading of Stran & Company, Inc.

A number of hedge funds have recently made changes to their positions in SWAG. Mink Brook Asset Management LLC boosted its position 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 worth $499,000 after purchasing an additional 198,993 shares in the last quarter. Jane Street Group LLC boosted its position 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 worth $163,000 after purchasing an additional 84,377 shares in the last quarter. Renaissance Technologies LLC boosted its position 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 worth $454,000 after purchasing an additional 79,589 shares in the last quarter. Citadel Advisors LLC boosted its position 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 worth $159,000 after purchasing an additional 48,382 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position 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 worth $163,000 after purchasing an additional 18,500 shares in the last quarter. 56.42% of the stock is owned by institutional investors.

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.