Epsium Enterprise Limited (NASDAQ:EPSM) Short Interest Down 37.4% in June

Epsium Enterprise Limited (NASDAQ:EPSM) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 67,066 shares, a drop of 37.4% from the June 15th total of 107,149 shares. Based on an average daily volume of 34,969 shares, the short-interest ratio is currently 1.9 days. Approximately 0.5% of the shares of the stock are sold short.

Epsium Enterprise Price Performance

EPSM stock opened at $1.24 on Friday. The firm has a 50-day moving average of $1.36 and a 200 day moving average 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 issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $1.04 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Epsium Enterprise in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Epsium Enterprise has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EPSM. PharVision Advisers LLC bought a new position in Epsium Enterprise during the 3rd quarter valued at about $118,000. Two Sigma Investments LP bought a new stake in shares of Epsium Enterprise in the third quarter worth approximately $112,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Epsium Enterprise in the third quarter worth 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.