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

SRM Entertainment, Inc. (NASDAQ:SRM) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 23,400 shares, a drop of 29.7% from the August 15th total of 33,300 shares. Approximately 0.6% of the shares of the 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 bought a new stake in shares of SRM Entertainment, Inc. (NASDAQ:SRM) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,046 shares of the company’s stock, valued at approximately $29,000. Virtu Financial LLC owned about 0.18% of SRM Entertainment at the end of the most recent reporting period. 1.58% of the stock is currently owned by institutional investors.

SRM Entertainment Stock Performance

Shares of SRM stock remained flat at $0.69 during midday trading on Friday. 95,681 shares of the company’s stock were exchanged, compared to its average volume of 203,106. The business has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $1.20. The stock has a market capitalization of $7.05 million and a P/E ratio of -1.54. SRM Entertainment has a one year low of $0.61 and a one year high of $3.49.

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

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.