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

Stran & Company, Inc. (NASDAQ:SWAG) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 49,604 shares, a drop of 34.5% from the March 31st total of 75,707 shares. Based on an average trading volume of 30,393 shares, the short-interest ratio is presently 1.6 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Stran & Company, Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd boosted its stake in shares of Stran & Company, Inc. by 113.7% in the 4th quarter. XTX Topco Ltd now owns 21,734 shares of the company’s stock worth $36,000 after buying an additional 11,562 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Stran & Company, Inc. by 31.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 34,905 shares of the company’s stock valued at $58,000 after acquiring an additional 8,300 shares during the period. State Street Corp lifted its holdings in Stran & Company, Inc. by 27.8% in the fourth quarter. State Street Corp now owns 57,424 shares of the company’s stock valued at $95,000 after acquiring an additional 12,500 shares during the period. Mink Brook Asset Management LLC purchased a new position in Stran & Company, Inc. in the second quarter worth about $125,000. Finally, Citadel Advisors LLC boosted its position in Stran & Company, Inc. by 102.2% in 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 during the last quarter. Institutional investors own 56.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SWAG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stran & Company, Inc. in a report on Tuesday, April 21st. Wall Street Zen raised 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, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Stran & Company, Inc. Trading Down 0.3%

Shares of SWAG traded down $0.01 during trading hours on Thursday, reaching $1.57. 4,896 shares of the company traded hands, compared to its average volume of 87,374. Stran & Company, Inc. has a 12 month low of $0.98 and a 12 month high of $3.50. The company has a quick ratio of 1.88, a current ratio of 2.34 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $1.70 and its two-hundred day moving average price is $1.86. The company has a market capitalization of $29.25 million, a price-to-earnings ratio of -31.29 and a beta of 2.11.

Stran & Company, Inc. (NASDAQ:SWAG) last released its earnings results on Wednesday, March 25th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Stran & Company, Inc. had a negative net margin of 0.64% and a negative return on equity of 2.41%. The firm had revenue of $28.94 million for the quarter, compared to the consensus estimate of $14.00 million.

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.