Short Interest in SRM Entertainment, Inc. (NASDAQ:SRM) Decreases By 30.8%

SRM Entertainment, Inc. (NASDAQ:SRM) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 121,900 shares, a drop of 30.8% from the January 15th total of 176,200 shares. Based on an average daily volume of 2,910,000 shares, the short-interest ratio is currently 0.0 days. Approximately 1.4% of the company’s shares are short sold.

SRM Entertainment Price Performance

Shares of NASDAQ SRM opened at $0.70 on Friday. 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 business’s 50 day moving average price is $0.53 and its 200-day moving average price is $0.68. SRM Entertainment has a fifty-two week low of $0.30 and a fifty-two week high of $1.85.

Institutional Investors Weigh In On SRM Entertainment

An institutional investor recently bought a new position in SRM Entertainment stock. Two Sigma Securities LLC purchased a new position in SRM Entertainment, Inc. (NASDAQ:SRM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,187 shares of the company’s stock, valued at approximately $26,000. Two Sigma Securities LLC owned 0.40% of SRM Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.58% of the company’s stock.

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.