Short Interest in Epsium Enterprise Limited (NASDAQ:EPSM) Grows By 3,035.8%

Epsium Enterprise Limited (NASDAQ:EPSM) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 107,149 shares, a growth of 3,035.8% from the May 31st total of 3,417 shares. Based on an average daily volume of 6,720,543 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.8% of the company’s stock are short sold.

Epsium Enterprise Stock Performance

Shares of EPSM stock traded down $0.01 during trading on Friday, hitting $1.30. The company’s stock had a trading volume of 26,630 shares, compared to its average volume of 3,845,383. The business has a fifty day moving average of $1.38 and a 200-day moving average of $1.71. Epsium Enterprise has a 52 week low of $0.83 and a 52 week high of $155.00.

Epsium Enterprise (NASDAQ:EPSM) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.03) EPS for the quarter. The company had revenue of $1.04 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Epsium Enterprise in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Epsium Enterprise

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

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.