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

Epsium Enterprise Limited (NASDAQ:EPSM) was the target of a large decline in short interest in 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. Based on an average daily trading volume, of 38,808 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Epsium Enterprise in the 3rd quarter valued at about $35,000. Two Sigma Investments LP purchased a new stake in shares of Epsium Enterprise during the third quarter valued at approximately $112,000. Finally, PharVision Advisers LLC purchased a new position in Epsium Enterprise in the third quarter worth $118,000.

Epsium Enterprise Stock Up 3.5%

Shares of EPSM stock traded up $0.06 during trading hours on Thursday, reaching $1.62. The company had a trading volume of 83,793 shares, compared to its average volume of 88,511. Epsium Enterprise has a 12 month low of $1.04 and a 12 month high of $155.00. The business has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $1.92.

Analyst Ratings Changes

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

Epsium Enterprise Company Profile

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.