Epsium Enterprise Limited (NASDAQ:EPSM – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 18,285 shares, a drop of 66.9% from the July 30th total of 55,235 shares. Based on an average daily volume of 17,867 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On Epsium Enterprise
A number of institutional investors have recently added to or reduced their stakes in EPSM. PharVision Advisers LLC purchased a new stake in Epsium Enterprise in the third quarter worth about $118,000. Two Sigma Investments LP purchased a new position in shares of Epsium Enterprise during the third quarter valued at approximately $112,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Epsium Enterprise during the 3rd quarter valued at $35,000.
Epsium Enterprise Trading Down 0.7%
Shares of EPSM stock traded down $0.01 during trading hours on Friday, hitting $1.49. 7,589 shares of the company’s stock were exchanged, compared to its average volume of 15,712. The business’s 50 day simple moving average is $1.37 and its 200-day simple moving average is $1.43. Epsium Enterprise has a 12-month low of $0.83 and a 12-month high of $155.00.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Epsium Enterprise in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Get Our Latest Analysis on EPSM
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.
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