Stran & Company, Inc. (NASDAQ:SWAG) Stock Short Interest Rises 541.9%

Stran & Company, Inc. (NASDAQ:SWAG) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 13,301 shares, an increase of 541.9% from the September 15th total of 2,072 shares. Based on an average trading volume of 20,710 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

Stran & Company, Inc. Stock Down 3.1%

SWAG traded down $0.04 on Friday, reaching $1.39. 3,463 shares of the company’s stock were exchanged, compared to its average volume of 20,275. Stran & Company, Inc. has a twelve month low of $1.32 and a twelve month high of $3.50. The company’s 50 day moving average is $1.69 and its 200-day moving average is $1.84.

Stran & Company, Inc. (NASDAQ:SWAG) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Stran & Company, Inc. had a net margin of 0.05% and a return on equity of 0.18%. The firm had revenue of $33.36 million for the quarter, compared to analysts’ expectations of $11.23 million.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Stran & Company, Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Stran & Company, Inc.

Stran & Company, Inc is a provider of outsourced marketing services and promotional products. The company helps organizations develop, source and distribute branded merchandise, apparel, awards, packaging and other promotional materials designed to support marketing, sales and employee-engagement programs.

Its services include creative design, product sourcing, inventory management, fulfillment, logistics and e-commerce solutions. Stran also operates online company stores that allow organizations to order approved branded products and marketing materials through centralized platforms.

Founded in 1994, Stran is headquartered in Quincy, Massachusetts, and serves customers across the United States.