Epsium Enterprise Limited (NASDAQ:EPSM) Sees Large Growth in Short Interest

Epsium Enterprise Limited (NASDAQ:EPSM) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 29,063 shares, an increase of 80.8% from the September 30th total of 16,073 shares. Based on an average daily trading volume, of 54,644 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Epsium Enterprise in a report on Monday, September 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Epsium Enterprise Stock Performance

Shares of NASDAQ:EPSM traded down $0.04 during trading on Friday, reaching $0.82. 49,762 shares of the company were exchanged, compared to its average volume of 41,395. The business’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.44. Epsium Enterprise has a 12-month low of $0.77 and a 12-month high of $16.91.

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.