Short Interest in Epsium Enterprise Limited (NASDAQ:EPSM) Drops By 27.6%

Epsium Enterprise Limited (NASDAQ:EPSM) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 228,461 shares, a decline of 27.6% from the November 30th total of 315,769 shares. Based on an average trading volume of 193,260 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.7% of the company’s shares are sold short. Approximately 1.7% of the company’s shares are sold short. Based on an average trading volume of 193,260 shares, the days-to-cover ratio is presently 1.2 days.

Epsium Enterprise Stock Performance

Shares of NASDAQ:EPSM opened at $2.15 on Monday. The business’s 50 day moving average is $7.02 and its 200 day moving average is $18.71. Epsium Enterprise has a 52-week low of $1.31 and a 52-week high of $155.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.93 and a quick ratio of 6.24.

Institutional Trading of Epsium Enterprise

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Epsium Enterprise during the 3rd quarter worth about $35,000. Murchinson Ltd. bought a new position in shares of Epsium Enterprise during the first quarter valued at approximately $53,000. Two Sigma Investments LP purchased a new position in Epsium Enterprise during the third quarter valued at approximately $112,000. PharVision Advisers LLC bought a new position in Epsium Enterprise in the third quarter worth approximately $118,000. Finally, Quadrature Capital Ltd purchased a new stake in Epsium Enterprise during the second quarter worth $247,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Epsium Enterprise in a research report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.