Endo International PLC (ENDP) Short Interest Update
Endo International PLC (NASDAQ:ENDP) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 13,712,139 shares, a growth of 14.6% from the August 15th total of 11,962,171 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average trading volume of 6,198,653 shares, the short-interest ratio is presently 2.2 days.
A number of large investors have recently made changes to their positions in ENDP. Norges Bank acquired a new stake in shares of Endo International PLC during the fourth quarter valued at about $97,137,000. Heartland Advisors Inc. acquired a new stake in shares of Endo International PLC during the second quarter valued at about $15,627,000. State Street Corp raised its stake in shares of Endo International PLC by 9.3% in the second quarter. State Street Corp now owns 9,430,866 shares of the company’s stock valued at $147,021,000 after buying an additional 805,101 shares during the period. Schneider Capital Management Corp acquired a new stake in shares of Endo International PLC during the second quarter valued at about $6,941,000. Finally, Quantitative Investment Management LLC raised its stake in shares of Endo International PLC by 166.2% in the second quarter. Quantitative Investment Management LLC now owns 654,800 shares of the company’s stock valued at $10,208,000 after buying an additional 408,800 shares during the period. 96.66% of the stock is currently owned by hedge funds and other institutional investors.
Endo International PLC (NASDAQ:ENDP) opened at 20.34 on Wednesday. The firm’s market cap is $4.53 billion. The firm’s 50-day moving average is $20.55 and its 200 day moving average is $22.83. Endo International PLC has a 1-year low of $12.56 and a 1-year high of $84.57.
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Endo International PLC (NASDAQ:ENDP) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.12. The firm had revenue of $921 million for the quarter, compared to analyst estimates of $873.50 million. Endo International PLC had a negative net margin of 25.90% and a positive return on equity of 15.54%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. On average, equities analysts forecast that Endo International PLC will post $4.56 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $31.00 price target on shares of Endo International PLC in a report on Wednesday, June 15th. JMP Securities reaffirmed a “buy” rating on shares of Endo International PLC in a report on Wednesday, June 29th. Stifel Nicolaus lowered their price target on shares of Endo International PLC from $75.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, May 18th. Vetr lowered shares of Endo International PLC from a “strong-buy” rating to a “buy” rating and set a $19.14 price target for the company. in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. set a $40.00 price target on shares of Endo International PLC and gave the company a “buy” rating in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.00.
About Endo International PLC
Endo International PLC, formerly Endo Health Solutions Inc is a specialty healthcare solutions company focused on branded and generic pharmaceuticals, devices and services. The Company has a portfolio of branded pharmaceuticals that includes brands, such as Lidoderm, Opana ER, Voltaren Gel, Percocet, Frova, Supprelin LA, Vantas, Valstar and Fortesta Gel.
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