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

SRM Entertainment, Inc. (NASDAQ:SRM) saw a large drop in short interest in 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 days-to-cover ratio is currently 0.0 days. Currently, 1.4% of the company’s shares are sold short.

SRM Entertainment Stock Performance

Shares of NASDAQ SRM opened at $0.70 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $0.53 and its two-hundred day simple moving average is $0.68. SRM Entertainment has a 12-month low of $0.30 and a 12-month high of $1.85.

Institutional Trading of SRM Entertainment

A hedge fund recently bought a new stake in SRM Entertainment stock. Two Sigma Securities LLC bought a new stake in shares of SRM Entertainment, Inc. (NASDAQ:SRM) during the 4th quarter, according to the company in 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 approximately 0.40% of SRM Entertainment at the end of the most recent quarter. Hedge funds and other institutional investors own 1.58% of the company’s stock.

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.