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Short Seller Viceroy's Targets No Surefire Downward Bet

It’s been a case of you win some, you lose some for New York-based short seller Viceroy Research. Of the seven companies it has targeted, two have seen their share prices rise, three have declined, one was suspended, and another was bought seven weeks after the outfit called it a lemon. Viceroy’s assertions after Steinhoff International Holdings NV admitted to accounting irregularities must be tested, while Capitec Bank Holdings Ltd. has come out fighting, with the South African lender saying the three-man team got many facts wrong.