Endo International plc – (ENDP) Sees Large Decrease in Short Interest

Endo International plc – (NASDAQ:ENDP) (TSE:ENL) saw a large decline in short interest in December. As of December 29th, there was short interest totalling 20,250,569 shares, a decline of 13.5% from the December 15th total of 23,402,027 shares. Currently, 10.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,647,667 shares, the days-to-cover ratio is currently 5.6 days.

A number of large investors have recently modified their holdings of the stock. Teachers Advisors LLC grew its holdings in Endo International by 1.9% during the 2nd quarter. Teachers Advisors LLC now owns 840,470 shares of the company’s stock valued at $9,388,000 after purchasing an additional 15,928 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Endo International by 46.8% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 716,670 shares of the company’s stock valued at $6,138,000 after purchasing an additional 228,426 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in Endo International by 1.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 649,535 shares of the company’s stock valued at $7,255,000 after purchasing an additional 10,387 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Endo International by 4.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 581,552 shares of the company’s stock valued at $6,497,000 after purchasing an additional 27,414 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Endo International by 18.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 398,099 shares of the company’s stock valued at $4,447,000 after purchasing an additional 62,822 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

ENDP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Endo International from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Wednesday, October 11th. Mizuho restated a “buy” rating on shares of Endo International in a research note on Friday, November 10th. Cantor Fitzgerald set a $9.00 price target on shares of Endo International and gave the stock a “hold” rating in a research note on Monday, October 30th. Royal Bank of Canada decreased their price target on shares of Endo International from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. Finally, BidaskClub upgraded shares of Endo International from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $11.27.

Shares of Endo International (ENDP) opened at $7.95 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 10.78. The stock has a market cap of $1,770.00, a PE ratio of -0.41, a PEG ratio of 2.98 and a beta of 0.59. Endo International has a 1 year low of $5.77 and a 1 year high of $14.45.

Endo International (NASDAQ:ENDP) (TSE:ENL) last announced its earnings results on Thursday, November 9th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. The firm had revenue of $786.90 million for the quarter, compared to analysts’ expectations of $794.93 million. Endo International had a negative net margin of 126.97% and a positive return on equity of 66.98%. The business’s revenue was down 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 EPS. sell-side analysts anticipate that Endo International will post 3.67 earnings per share for the current fiscal year.

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About Endo International

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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