SRM Entertainment, Inc. (NASDAQ:SRM - Get Free Report) was the recipient of a significant 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. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 425,500 shares, the days-to-cover ratio is currently 0.7 days.
SRM Entertainment Stock Performance
SRM Entertainment stock traded up $0.47 during trading hours on Thursday, reaching $8.20. 11,951,167 shares of the company were exchanged, compared to its average volume of 3,653,505. The firm has a market cap of $141.37 million, a price-to-earnings ratio of -32.80 and a beta of 1.21. The company has a current ratio of 5.24, a quick ratio of 3.59 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $1.15 and a 200 day moving average of $0.73. SRM Entertainment has a 12 month low of $0.26 and a 12 month high of $10.84.
SRM Entertainment (NASDAQ:SRM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) earnings per share for the quarter. SRM Entertainment had a negative net margin of 74.56% and a negative return on equity of 78.96%. The business had revenue of $1.09 million during the quarter.
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 stake in SRM Entertainment, Inc. (NASDAQ:SRM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 683,102 shares of the company's stock, valued at approximately $430,000. Anson Funds Management LP owned 6.56% of SRM Entertainment at the end of the most recent quarter. Hedge funds and other institutional investors own 1.58% of the company's stock.
About SRM Entertainment
(
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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