Epsium Enterprise Limited (NASDAQ:EPSM) Sees Large Increase in Short Interest

Epsium Enterprise Limited (NASDAQ:EPSM) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 18,853 shares, an increase of 103.8% from the August 31st total of 9,251 shares. Based on an average trading volume of 34,947 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Epsium Enterprise in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Epsium Enterprise Stock Down 6.8%

Shares of NASDAQ EPSM opened at $1.24 on Wednesday. The stock’s fifty day simple moving average is $1.41 and its two-hundred day simple moving average is $1.40. Epsium Enterprise has a 12-month low of $0.83 and a 12-month high of $42.45.

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.