Why Endo International plc Rocketed Higher Today [The Motley Fool]
Endo International plc - Ordinary Shares (ENDP)
Last endo international plc - ordinary shares earnings: 2/26 06:00 am
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Source: The Motley Fool
Traders take the generic-drug maker on a ride. Brian Orelli ( TMFBiologyFool ) Jun 6, 2018 at 4:47PM What happened Endo International ( NASDAQ:ENDP ) closed up 19% today on no apparent news. With shares bottoming out over the last month -- and down about 60% over the last year or so -- investors seem to have decided that this is the bottom. At least for now. ENDP data by YCharts. So what It's possible that some leaked information caused the large jump in the stock price today, but a more likely scenario is a short squeeze as short sellers buy to cover their positions. It's a vicious cycle where a small jump in the stock price can turn into a large move as more and more short sellers decide to close their positions, generating more potential buyers than sellers. As of May 15 -- the last date with data from Nasdaq -- there were 33
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