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

SRM Entertainment, Inc. (NASDAQ:SRM) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 212,900 shares, a decline of 50.0% from the April 30th total of 426,200 shares. Based on an average daily volume of 564,100 shares, the days-to-cover ratio is presently 0.4 days. Currently, 2.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SRM Entertainment stock. Two Sigma Securities LLC purchased a new position in SRM Entertainment, Inc. (NASDAQ:SRM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 41,187 shares of the company’s stock, valued at approximately $26,000. Two Sigma Securities LLC owned about 0.40% of SRM Entertainment at the end of the most recent reporting period. 1.58% of the stock is owned by institutional investors.

SRM Entertainment Stock Up 0.9%

NASDAQ SRM traded up $0.01 on Friday, reaching $0.59. The stock had a trading volume of 112,109 shares, compared to its average volume of 2,471,587. The business has a 50 day moving average price of $0.41 and a 200 day moving average price of $0.51. The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 0.46. SRM Entertainment has a 1 year low of $0.26 and a 1 year high of $1.66. The company has a market capitalization of $10.09 million, a price-to-earnings ratio of -1.43 and a beta of 0.51.

SRM Entertainment (NASDAQ:SRM) last issued its earnings results on Thursday, May 8th. The company reported ($0.04) EPS for the quarter. SRM Entertainment had a negative net margin of 89.62% and a negative return on equity of 118.58%. The firm had revenue of $1.09 million during the quarter.

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.