SRM Entertainment, Inc. (NASDAQ:SRM) Short Interest Down 50.1% in December

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

SRM Entertainment Stock Performance

Shares of NASDAQ SRM traded up $0.01 during midday trading 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 firm has a market capitalization of $4.66 million, a price-to-earnings ratio of -1.09 and a beta of 1.33. 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 fifty day moving average price of $0.65 and a 200 day moving average price of $0.80. SRM Entertainment has a one year low of $0.41 and a one year 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.