SRM Entertainment, Inc. (NASDAQ:SRM) Sees Large Increase in Short Interest

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

SRM Entertainment Stock Performance

Shares of SRM stock traded down $0.03 during trading on Friday, reaching $0.62. The company had a trading volume of 216,477 shares, compared to its average volume of 857,939. SRM Entertainment has a one year low of $0.55 and a one year high of $2.65. The company has a market capitalization of $6.46 million, a PE ratio of -1.51 and a beta of 1.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.95 and a quick ratio of 2.06. The firm’s 50 day simple moving average is $0.69 and its two-hundred day simple moving average is $0.85.

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.