Bears Are Back as Valeant Shorts Surge Most Since April: Chart

Is Anything Else Is Impacting Valeant Besides Brexit?

Valeant Pharmaceuticals International Inc. bears are betting the stock has further to fall. Last week, short interest as a percentage of shares outstanding spiked almost a full percentage point in one day. The surge in shorts pushed the measure to its highest level since April, a tumultuous period that saw the company review its strategic options and name a new chief executive officer.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.