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

SRM Entertainment, Inc. (NASDAQ:SRM) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 23,400 shares, a decrease of 29.7% from the August 15th total of 33,300 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 103,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of SRM Entertainment

A hedge fund recently bought a new stake in SRM Entertainment stock. Virtu Financial LLC purchased a new stake in SRM Entertainment, Inc. (NASDAQ:SRM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,046 shares of the company’s stock, valued at approximately $29,000. Virtu Financial LLC owned approximately 0.18% of SRM Entertainment at the end of the most recent reporting period. Institutional investors and hedge funds own 1.58% of the company’s stock.

SRM Entertainment Stock Performance

Shares of SRM Entertainment stock remained flat at $0.69 during trading hours on Friday. The stock had a trading volume of 95,681 shares, compared to its average volume of 90,504. The company has a market capitalization of $7.22 million and a price-to-earnings ratio of -1.54. SRM Entertainment has a 1-year low of $0.61 and a 1-year high of $3.49. The firm has a 50-day moving average of $0.97 and a two-hundred day moving average of $1.20.

SRM Entertainment (NASDAQ:SRM) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $1.51 million for the quarter. SRM Entertainment had a negative return on equity of 118.78% and a negative net margin of 92.34%.

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.