Short Interest in Epsium Enterprise Limited (NASDAQ:EPSM) Decreases By 66.9%

Epsium Enterprise Limited (NASDAQ:EPSM) was the recipient of a significant 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 trading volume of 17,867 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the shares of the company are short sold.

Epsium Enterprise Trading Down 0.7%

Shares of NASDAQ:EPSM traded down $0.01 on Friday, hitting $1.49. The company had a trading volume of 7,589 shares, compared to its average volume of 528,008. Epsium Enterprise has a 1 year low of $0.83 and a 1 year high of $155.00. The firm’s 50-day simple moving average is $1.37 and its two-hundred day simple moving average is $1.43.

Epsium Enterprise (NASDAQ:EPSM) last released its earnings results on Wednesday, April 29th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $1.04 million for the quarter.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

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