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

Stran & Company, Inc. (NASDAQ:SWAG – Get Free Report) was the target of a large growth in short interest in 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 shares of the stock are short sold. Based on an average trading volume of 20,710 shares, the days-to-cover ratio is presently 0.6 days.

Stran & Company, Inc. Stock Performance

SWAG opened at $1.39 on Friday. Stran & Company, Inc. has a 1 year low of $1.32 and a 1 year high of $3.50. The business has a fifty day simple moving average of $1.69 and a 200 day simple moving average of $1.84.

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Stran & Company, Inc. (NASDAQ:SWAG – Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Stran & Company, Inc. had a return on equity of 0.18% and a net margin of 0.05%. The firm had revenue of $33.36 million during the quarter, compared to the consensus estimate of $11.23 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Stran & Company, Inc.

Stran & Company, Inc. Company Profile

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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.

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