Epsium Enterprise Limited (NASDAQ:EPSM) Short Interest Down 56.5% in May

Epsium Enterprise Limited (NASDAQ:EPSM) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 3,417 shares, a drop of 56.5% from the May 14th total of 7,848 shares. Based on an average daily volume of 29,710 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Epsium Enterprise Stock Down 4.4%

Epsium Enterprise stock traded down $0.07 during trading hours on Friday, hitting $1.53. The stock had a trading volume of 190,152 shares, compared to its average volume of 3,837,300. Epsium Enterprise has a 12-month low of $0.83 and a 12-month high of $155.00. The stock’s 50-day moving average price is $1.38 and its 200-day moving average price is $1.86.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EPSM. PharVision Advisers LLC purchased a new position in shares of Epsium Enterprise during the third quarter valued at approximately $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. purchased a new position in shares of Epsium Enterprise during the third quarter valued at approximately $35,000.

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.