SRM Entertainment, Inc. (NASDAQ:SRM) Short Interest Update

SRM Entertainment, Inc. (NASDAQ:SRM) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 151,300 shares, a decrease of 50.1% from the December 15th total of 303,100 shares. Based on an average daily trading volume, of 3,330,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.0% of the company’s stock are sold short.

SRM Entertainment Stock Up 2.8 %

SRM stock traded up $0.01 during midday trading on Thursday, reaching $0.45. The company had a trading volume of 257,062 shares, compared to its average volume of 1,847,781. The company has a 50 day moving average of $0.65 and a two-hundred day moving average of $0.80. The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 0.46. SRM Entertainment has a 1 year low of $0.41 and a 1 year high of $2.65. The company has a market capitalization of $4.66 million, a P/E ratio of -1.09 and a beta of 1.33.

SRM Entertainment Company Profile

SRM Entertainment, Inc designs, manufactures, and sells toys and souvenirs to theme parks. It sells its products through amusement parks, entertainment venues, and theme hotels in the United States, China, Japan, and internationally. The company was incorporated in 2022 and is based in Jupiter, Florida.