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

Stran & Company, Inc. (NASDAQ:SWAG) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 32,500 shares, an increase of 60.9% from the November 30th total of 20,200 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 25,500 shares, the short-interest ratio is presently 1.3 days.

Stran & Company, Inc. Stock Performance

SWAG stock traded down $0.03 during mid-day trading on Friday, reaching $0.93. The company had a trading volume of 1,923 shares, compared to its average volume of 23,030. Stran & Company, Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $1.74. The company has a market capitalization of $17.23 million, a price-to-earnings ratio of -46.29 and a beta of 2.12. The firm has a fifty day simple moving average of $1.07 and a 200 day simple moving average of $1.14.

Hedge Funds Weigh In On Stran & Company, Inc.

A hedge fund recently bought a new stake in Stran & Company, Inc. stock. Wilmington Savings Fund Society FSB acquired a new stake in Stran & Company, Inc. (NASDAQ:SWAG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 42,412 shares of the company’s stock, valued at approximately $52,000. Wilmington Savings Fund Society FSB owned about 0.23% of Stran & Company, Inc. as of its most recent filing with the Securities and Exchange Commission. 56.42% of the stock is currently owned by institutional investors.

Stran & Company, Inc. Company Profile

Stran & Company, Inc provides outsourced marketing solutions. The company offers clients custom sourcing services; and e-commerce solutions for promoting branded merchandise and other promotional products, managing promotional loyalty and incentives, print collateral and event assets, order and inventory management, designing and hosting online retail popup shops, fixed public retail online stores, and online business-to-business service offerings.