Stran & Company, Inc. (NASDAQ:SWAG) Sees Significant Increase in Short Interest

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

Stran & Company, Inc. Stock Down 3.1%

NASDAQ SWAG opened at $1.39 on Friday. The firm’s fifty day moving average price is $1.69 and its two-hundred day moving average price is $1.84. Stran & Company, Inc. has a 1 year low of $1.32 and a 1 year high of $3.50.

Stran & Company, Inc. (NASDAQ:SWAG) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.02 EPS 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 company had revenue of $33.36 million during the quarter, compared to the consensus estimate of $11.23 million.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Stran & Company, Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently 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.