SRM Entertainment, Inc. (NASDAQ:SRM - Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 314,400 shares, a growth of 47.7% from the May 15th total of 212,900 shares. Based on an average trading volume of 425,500 shares, the short-interest ratio is presently 0.7 days. Approximately 3.3% of the shares of the company are short sold.
Hedge Funds Weigh In On SRM Entertainment
A hedge fund recently bought a new stake in SRM Entertainment stock. Two Sigma Securities LLC bought a new position in shares of SRM Entertainment, Inc. (NASDAQ:SRM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 41,187 shares of the company's stock, valued at approximately $26,000. Two Sigma Securities LLC owned 0.40% of SRM Entertainment as of its most recent SEC filing. 1.58% of the stock is owned by hedge funds and other institutional investors.
SRM Entertainment Stock Performance
NASDAQ SRM traded up $7.74 on Monday, hitting $9.19. 250,514,117 shares of the stock traded hands, compared to its average volume of 3,506,427. The business's fifty day moving average is $0.68 and its two-hundred day moving average is $0.58. SRM Entertainment has a 12 month low of $0.26 and a 12 month high of $10.84. The firm has a market capitalization of $158.47 million, a price-to-earnings ratio of -22.41 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.06 and a current ratio of 2.95.
SRM Entertainment (NASDAQ:SRM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $1.09 million for the quarter. SRM Entertainment had a negative return on equity of 118.58% and a negative net margin of 89.62%.
SRM Entertainment Company Profile
(
Get Free Report)
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.
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