Short Interest in Epsium Enterprise Limited (NASDAQ:EPSM) Rises 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. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 6,720,543 shares, the days-to-cover ratio is currently 0.0 days.

Epsium Enterprise Stock Down 2.2%

Shares of NASDAQ:EPSM opened at $1.31 on Friday. Epsium Enterprise has a 1 year low of $0.83 and a 1 year high of $155.00. The business’s 50 day moving average price is $1.38 and its 200-day moving average price is $1.71.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Epsium Enterprise in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Epsium Enterprise

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

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.