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

SRM Entertainment, Inc. (NASDAQ:SRM) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 151,300 shares, a decrease of 50.1% from the December 31st total of 303,100 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,330,000 shares, the days-to-cover ratio is presently 0.0 days.

SRM Entertainment Stock Performance

Shares of NASDAQ:SRM traded up $0.01 during trading on Wednesday, hitting $0.39. The stock had a trading volume of 126,835 shares, compared to its average volume of 1,157,790. The stock has a market capitalization of $4.05 million, a price-to-earnings ratio of -0.95 and a beta of 1.33. SRM Entertainment has a 12-month low of $0.36 and a 12-month high of $2.65. The stock has a 50-day simple moving average of $0.62 and a two-hundred day simple moving average of $0.76. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 0.46.

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.