Short Interest in SRM Entertainment, Inc. (NASDAQ:SRM) Drops By 50.1%

SRM Entertainment, Inc. (NASDAQ:SRM) was the recipient of a significant decrease in short interest during 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 short-interest ratio is currently 0.0 days. Approximately 2.0% of the company’s stock are short sold.

SRM Entertainment Stock Up 2.8 %

Shares of SRM stock traded up $0.01 on Thursday, hitting $0.45. The company’s stock had a trading volume of 257,062 shares, compared to its average volume of 1,847,781. The stock has a market capitalization of $4.66 million, a price-to-earnings ratio of -1.09 and a beta of 1.33. SRM Entertainment has a fifty-two week low of $0.41 and a fifty-two week high of $2.65. The firm’s fifty day moving average price is $0.65 and its 200-day moving average price is $0.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.95 and a quick ratio of 2.06.

About SRM Entertainment

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.