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

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

SRM Entertainment Stock Down 1.6 %

SRM Entertainment stock opened at $0.55 on Tuesday. The firm has a market capitalization of $5.77 million, a price-to-earnings ratio of -1.35 and a beta of 1.33. The company’s 50 day simple moving average is $0.66 and its 200 day simple moving average is $0.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.95 and a quick ratio of 2.06. SRM Entertainment has a fifty-two week low of $0.50 and a fifty-two week high of $2.65.

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.