Short Interest in SRM Entertainment, Inc. (NASDAQ:SRM) Rises By 47.7%

SRM Entertainment, Inc. (NASDAQ:SRMGet Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 314,400 shares, an increase of 47.7% from the May 15th total of 212,900 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 425,500 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of SRM Entertainment

An institutional investor recently bought a new position in SRM Entertainment stock. Two Sigma Securities LLC acquired a new position in SRM Entertainment, Inc. (NASDAQ:SRMFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 41,187 shares of the company’s stock, valued at approximately $26,000. Two Sigma Securities LLC owned about 0.40% of SRM Entertainment as of its most recent filing with the Securities and Exchange Commission. 1.58% of the stock is owned by hedge funds and other institutional investors.

SRM Entertainment Price Performance

Shares of NASDAQ:SRM traded up $6.68 during trading on Monday, reaching $8.13. The company had a trading volume of 227,767,636 shares, compared to its average volume of 3,436,455. The company has a fifty day moving average of $0.50 and a two-hundred day moving average of $0.52. 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 stock has a market capitalization of $140.12 million, a P/E ratio of -21.23 and a beta of 1.21. SRM Entertainment has a 12 month low of $0.26 and a 12 month high of $10.75.

SRM Entertainment (NASDAQ:SRMGet Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.04) EPS for the quarter. SRM Entertainment had a negative net margin of 89.62% and a negative return on equity of 118.58%. The firm had revenue of $1.09 million during the quarter.

About SRM Entertainment

(Get Free Report)

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.

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