Bears Are Back as Valeant Shorts Surge Most Since April: ChartBy
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.
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