2 weeks Ago By ABMN Staff
SRM Entertainment, Inc. ( NASDAQ:SRM – Get Free Report ) saw a significant 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 days-to-cover ratio is currently 0.1 days.
Approximately 5.2% of the shares of the stock are sold short. SRM Entertainment Trading Down 2.
2 % SRM stock opened at $0.39 on Friday. The company has a quick ratio of 2.
06, a current ratio of 2.95 and a debt-to-equity ratio of 0.46.
SRM Entertainment has a twelve month low of $0.30 and a twelve month high of $1.85.
The stock has a market capitalization of $4.10 million, a price-to-earnings ratio of -0.96 and a beta of 0.
83. The firm’s fifty day simple moving average is $0.49 and its two-hundred day simple moving average is $0.
63. Institutional Inflows and Outflows A hedge fund recently bought a new stake in SRM Entertainment stock. Anson Funds Management LP purchased a new position in SRM Entertainment, Inc.
( NASDAQ:SRM – Free Report ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 683,102 shares of the company’s stock, valued at approximately $430,000. Anson Funds Management LP owned about 6.
56% of SRM Entertainment at the end of the most recent quarter. 1.58% of the stock is owned by hedge funds and other institutional investors.
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.
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