Short Interest in SRM Entertainment, Inc. (NASDAQ:SRM) Increases By 115.7%

SRM Entertainment, Inc. (NASDAQ:SRM) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 303,100 shares, a growth of 115.7% from the November 30th total of 140,500 shares. Based on an average daily trading volume, of 3,040,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.1% of the company’s shares are sold short.

SRM Entertainment Trading Down 4.8 %

Shares of SRM Entertainment stock traded down $0.03 on Friday, hitting $0.62. 266,573 shares of the company traded hands, compared to its average volume of 858,143. The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 0.46. The company has a market cap of $6.41 million, a PE ratio of -1.50 and a beta of 1.51. The stock’s 50 day moving average price is $0.69 and its 200-day moving average price is $0.84. SRM Entertainment has a 52 week low of $0.55 and a 52 week high of $2.65.

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.