Watch the live trade video below to see why I decided to short sell INNL (innocoll holdings PLC) on Friday, March 17, 2017 for a $200 profit.
Innocoll Holdings PLC (INNL) was ripe for a short sale on Friday for many reasons. First and foremost, they were hemorrhaging money. Secondly, they were up HUGE on no news. In fact, the only news that I could find about their company was proclaiming that they (INNL) were involved in multiple lawsuits for past securities fraud and investor wrongdoing. After failing to find current SEC financial filings, and seeing an empty lot as their place of business, I decided to pull the trigger.