Short Interest in Epsium Enterprise Limited (NASDAQ:EPSM) Drops By 37.4%

Epsium Enterprise Limited (NASDAQ:EPSM) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 67,066 shares, a decrease of 37.4% from the June 15th total of 107,149 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 34,969 shares, the days-to-cover ratio is presently 1.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Epsium Enterprise in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Epsium Enterprise Trading Up 0.1%

Shares of NASDAQ EPSM opened at $1.24 on Friday. The company has a 50-day moving average price of $1.36 and a 200-day moving average price of $1.58. Epsium Enterprise has a 1 year low of $0.83 and a 1 year high of $155.00.

Epsium Enterprise (NASDAQ:EPSM) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $1.04 million during the quarter.

Institutional Investors Weigh In On Epsium Enterprise

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

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.