Stran & Company, Inc. (NASDAQ:SWAG) Short Interest Down 37.6% in June

Stran & Company, Inc. (NASDAQ:SWAG) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 21,834 shares, a decrease of 37.6% from the June 15th total of 34,984 shares. Based on an average daily trading volume, of 39,498 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Stran & Company, Inc. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Stran & Company, Inc. Price Performance

Shares of NASDAQ:SWAG opened at $2.08 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.20 and a quick ratio of 1.76. Stran & Company, Inc. has a 1-year low of $1.37 and a 1-year high of $3.50. The firm’s 50 day simple moving average is $2.05 and its two-hundred day simple moving average is $1.87. The company has a market capitalization of $38.95 million, a P/E ratio of 208.11 and a beta of 1.97.

Stran & Company, Inc. (NASDAQ:SWAG) last issued its earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $14.00 million.

Hedge Funds Weigh In On Stran & Company, Inc.

Hedge funds have recently modified their holdings of the stock. Mink Brook Asset Management LLC raised its position in Stran & Company, Inc. by 196.0% during the 4th quarter. Mink Brook Asset Management LLC now owns 300,533 shares of the company’s stock worth $499,000 after buying an additional 198,993 shares during the last quarter. Renaissance Technologies LLC increased its stake 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 acquiring an additional 79,589 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 last quarter. Jane Street Group LLC lifted its stake 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 last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Stran & Company, Inc. by 102.2% during the third 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. Institutional investors and hedge funds own 56.42% of the company’s stock.

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.