Evotec shares rise amid speculation Melvin Capital closing short positions

Evotec shares rise amid speculation Melvin Capital closing short positions

3 years ago
Anonymous $K6XgmDN5_o

https://www.reuters.com/article/us-melvin-fund-evotec-de/evotec-shares-rise-amid-speculation-melvin-capital-closing-short-positions-idUSKBN29W0R9

Evotec rose sharply on Tuesday amid market speculation that Melvin Capital Management was unwinding its positions in the German drugmaker after some of its investments turned sour.