SRM Entertainment, Inc. (NASDAQ:SRM) Sees Large Increase in Short Interest

SRM Entertainment, Inc. (NASDAQ:SRM) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 303,100 shares, a growth of 115.7% from the November 30th total of 140,500 shares. Based on an average daily trading volume, of 3,040,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.1% of the company’s shares are short sold.

SRM Entertainment Stock Down 4.8 %

Shares of SRM Entertainment stock traded down $0.03 during trading on Friday, hitting $0.62. The company’s stock had a trading volume of 266,573 shares, compared to its average volume of 858,143. SRM Entertainment has a 52 week low of $0.55 and a 52 week high of $2.65. The company has a market capitalization of $6.41 million, a PE ratio of -1.50 and a beta of 1.51. The company has a fifty day simple moving average of $0.69 and a two-hundred day simple moving average of $0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.06 and a current ratio of 2.95.

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.