It will open above $8 tomorrow! George Soros is here BABY!
$6 IPO price. George Soros ownes 650000 shares. %11 held by insiders. 2,250,508 short interest as of 4/30/12 at $7 per share. Almost %10 of the float. Just a little push from an insitutional investor would cause the shorts to cover big time. 250mil. in cash. lol.
"Cash, cash equivalents and short-term investments were $117.9 million at March 31, 2012, compared to $128.1 million at December 31, 2011. The decrease was attributable to cash disbursements for operations. Including the upfront payment received in May from Merck under the terms of the collaboration, Endocyte currently has a pro forma cash balance of approximately $238 million."