Short Interest in SRM Entertainment, Inc. (NASDAQ:SRM) Drops By 50.1%

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

SRM Entertainment Price Performance

NASDAQ SRM traded up $0.01 during trading on Wednesday, reaching $0.39. 126,835 shares of the company traded hands, compared to its average volume of 1,157,790. SRM Entertainment has a 1-year low of $0.36 and a 1-year high of $2.65. The company has a market cap of $4.05 million, a price-to-earnings ratio of -0.95 and a beta of 1.33. The stock’s 50 day moving average price is $0.62 and its two-hundred day moving average price is $0.76. 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.