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

SRM Entertainment, Inc. (NASDAQ:SRM) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 320,400 shares, a drop of 30.6% from the February 28th total of 461,600 shares. Based on an average trading volume of 6,020,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.6% of the company’s shares are sold short.

Institutional Investors Weigh In On SRM Entertainment

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

SRM Entertainment Trading Down 5.7 %

SRM stock traded down $0.03 during midday trading on Monday, hitting $0.43. The stock had a trading volume of 19,143 shares, compared to its average volume of 2,383,660. The company’s 50-day moving average price is $0.46 and its 200 day moving average price is $0.60. 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 has a market cap of $4.45 million, a PE ratio of -1.04 and a beta of 0.84. SRM Entertainment has a 12-month low of $0.30 and a 12-month high of $1.85.

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.