Short Interest in SRM Entertainment, Inc. (NASDAQ:SRM) Grows By 280.5%

SRM Entertainment, Inc. (NASDAQ:SRM) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 461,600 shares, an increase of 280.5% from the February 13th total of 121,300 shares. Based on an average daily volume of 8,420,000 shares, the short-interest ratio is presently 0.1 days. Currently, 5.2% of the shares of the company are short sold.

Institutional Trading of SRM Entertainment

An institutional investor recently bought a new position in SRM Entertainment stock. Anson Funds Management LP purchased a new position in shares of SRM Entertainment, Inc. (NASDAQ:SRM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 683,102 shares of the company’s stock, valued at approximately $430,000. Anson Funds Management LP owned approximately 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.

SRM Entertainment Stock Down 5.0 %

Shares of SRM opened at $0.40 on Friday. The stock has a market capitalization of $4.20 million, a PE ratio of -0.98 and a beta of 0.83. The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $0.49 and its 200-day moving average is $0.64. SRM Entertainment has a 12 month low of $0.30 and a 12 month high of $1.85.

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.