Short Interest in Epsium Enterprise Limited (NASDAQ:EPSM) Declines By 56.5%

Epsium Enterprise Limited (NASDAQ:EPSM – Get Free Report) was the recipient of a significant decline in short interest in 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. Based on an average daily volume of 29,710 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

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Institutional Investors Weigh In On Epsium Enterprise

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PharVision Advisers LLC purchased a new position in Epsium Enterprise during the third quarter worth approximately $118,000. Two Sigma Investments LP purchased a new stake in Epsium Enterprise in the 3rd quarter valued at $112,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Epsium Enterprise in the 3rd quarter worth $35,000.

Epsium Enterprise Trading Down 11.7%

EPSM stock opened at $1.63 on Friday. Epsium Enterprise has a 12 month low of $0.83 and a 12 month high of $155.00. The firm has a 50-day moving average of $1.38 and a two-hundred day moving average of $1.88.

About Epsium Enterprise

(Get Free Report)

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.

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