Short Interest in Epsium Enterprise Limited (NASDAQ:EPSM) Drops By 39.0%

Epsium Enterprise Limited (NASDAQ:EPSM) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 7,848 shares, a decline of 39.0% from the April 30th total of 12,873 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 38,808 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Epsium Enterprise

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new stake in shares of Epsium Enterprise during the 3rd quarter worth approximately $35,000. Two Sigma Investments LP bought a new stake in shares of Epsium Enterprise in the 3rd quarter valued at $112,000. Finally, PharVision Advisers LLC acquired a new position in shares of Epsium Enterprise during the 3rd quarter valued at $118,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Epsium Enterprise in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Epsium Enterprise Stock Down 2.1%

Shares of NASDAQ:EPSM traded down $0.03 during midday trading on Wednesday, reaching $1.38. The company’s stock had a trading volume of 55,934 shares, compared to its average volume of 84,531. Epsium Enterprise has a fifty-two week low of $1.04 and a fifty-two week high of $155.00. The firm has a 50 day moving average price of $1.36 and a two-hundred day moving average price of $1.93.

About Epsium Enterprise

We are a holding company incorporated under the laws of British Virgin Islands. As a holding company with no material operation of its own, we conduct substantially all our operations through an indirect Macau subsidiary, Companhia de Comercio Luz Limitada in Macau, or Luz. Luz is an 80%-owned subsidiary of Epsium Enterprise Limited in Hong Kong, or Epsium HK. Mr. Son I Tam, our CEO, Chairman, principal shareholder, and the founder of Epsium and Luz directly holds (i) 89.996% ownership interest in Epsium, (ii) 19% interest in Epsium HK, and (iii) 20% ownership interest in Luz.