SRM Entertainment, Inc. (NASDAQ:SRM) Short Interest Update

SRM Entertainment, Inc. (NASDAQ:SRM) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 212,900 shares, a decline of 50.0% from the April 30th total of 426,200 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily volume of 564,100 shares, the short-interest ratio is presently 0.4 days.

SRM Entertainment Stock Up 0.9%

Shares of SRM stock traded up $0.01 on Friday, reaching $0.59. 112,109 shares of the company’s stock traded hands, compared to its average volume of 2,471,587. SRM Entertainment has a 12-month low of $0.26 and a 12-month high of $1.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.06 and a current ratio of 2.95. The company has a market capitalization of $10.09 million, a P/E ratio of -1.43 and a beta of 0.51. The business’s 50 day moving average price is $0.41 and its two-hundred day moving average price is $0.51.

SRM Entertainment (NASDAQ:SRM) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.04) earnings per share for the quarter. SRM Entertainment had a negative net margin of 89.62% and a negative return on equity of 118.58%. The business had revenue of $1.09 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SRM Entertainment stock. Two Sigma Securities LLC purchased a new stake in shares of SRM Entertainment, Inc. (NASDAQ:SRM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,187 shares of the company’s stock, valued at approximately $26,000. Two Sigma Securities LLC owned approximately 0.40% of SRM Entertainment at the end of the most recent quarter. 1.58% of the stock is currently owned by institutional investors and hedge funds.

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.