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

SRM Entertainment, Inc. (NASDAQ:SRM) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 320,400 shares, a decrease of 30.6% from the February 28th total of 461,600 shares. Based on an average daily volume of 6,020,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 3.6% of the shares of the stock are sold short.

SRM Entertainment Price Performance

Shares of SRM Entertainment stock traded up $0.00 on Tuesday, reaching $0.41. The company’s stock had a trading volume of 85,203 shares, compared to its average volume of 2,374,658. 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 company has a market capitalization of $4.29 million, a P/E ratio of -0.99 and a beta of 0.84. The stock has a 50-day moving average price of $0.46 and a 200-day moving average price of $0.60. SRM Entertainment has a 52-week low of $0.30 and a 52-week high of $1.85.

Institutional Investors Weigh In On SRM Entertainment

A hedge fund recently bought a new stake in SRM Entertainment stock. Anson Funds Management LP acquired a new position in SRM Entertainment, Inc. (NASDAQ:SRM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 683,102 shares of the company’s stock, valued at approximately $430,000. Anson Funds Management LP owned about 6.56% of SRM Entertainment at the end of the most recent quarter. Institutional investors and hedge funds 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.