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

Stran & Company, Inc. (NASDAQ:SWAG) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 39,900 shares, a drop of 23.9% from the February 13th total of 52,400 shares. Based on an average daily volume of 43,700 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are short sold.

Stran & Company, Inc. Stock Performance

Shares of NASDAQ:SWAG traded down $0.00 during trading on Tuesday, hitting $0.90. The stock had a trading volume of 1,349 shares, compared to its average volume of 26,591. Stran & Company, Inc. has a 12-month low of $0.73 and a 12-month high of $1.57. The stock has a market capitalization of $16.75 million, a price-to-earnings ratio of -45.00 and a beta of 2.11. The company has a quick ratio of 3.46, a current ratio of 3.83 and a debt-to-equity ratio of 0.02. The stock has a 50-day simple moving average of $1.00 and a two-hundred day simple moving average of $1.06.

Stran & Company, Inc. (NASDAQ:SWAG) last announced its quarterly earnings data on Friday, March 7th. The company reported ($0.11) earnings per share (EPS) for the quarter. Stran & Company, Inc. had a return on equity of 0.16% and a net margin of 0.07%. The firm had revenue of $20.14 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Stran & Company, Inc. stock. Renaissance Technologies LLC boosted its stake in shares of Stran & Company, Inc. (NASDAQ:SWAG) by 118.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,384 shares of the company’s stock after acquiring an additional 39,753 shares during the quarter. Renaissance Technologies LLC owned 0.39% of Stran & Company, Inc. worth $66,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.