Epsium Enterprise Limited (NASDAQ:EPSM) Short Interest Down 56.5% in May

Epsium Enterprise Limited (NASDAQ:EPSM) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 3,417 shares, a decline of 56.5% from the May 14th total of 7,848 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 29,710 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Epsium Enterprise in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Epsium Enterprise presently has a consensus rating of “Sell”.

Epsium Enterprise Stock Performance

NASDAQ EPSM traded down $0.07 on Friday, reaching $1.53. The stock had a trading volume of 190,152 shares, compared to its average volume of 3,837,300. The business has a 50 day moving average price of $1.38 and a 200 day moving average price of $1.86. Epsium Enterprise has a 1 year low of $0.83 and a 1 year high of $155.00.

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.