SRM Entertainment, Inc. (NASDAQ:SRM) Sees Significant Drop in Short Interest

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

SRM Entertainment Price Performance

SRM stock traded up $0.01 during mid-day trading on Thursday, reaching $0.45. 257,062 shares of the company traded hands, compared to its average volume of 1,847,781. SRM Entertainment has a 52-week low of $0.41 and a 52-week high of $2.65. The company has a market capitalization of $4.66 million, a P/E ratio of -1.09 and a beta of 1.33. 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 company has a fifty day moving average price of $0.65 and a 200-day moving average price of $0.80.

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.