China Vanke Short Bets Hit Decade High as Bond Delay Fuels Angst

Bearish bets on China Vanke Co. climbed to a decade high in Hong Kong as investors wagered that the downward spiral in the developer’s shares will extend following its shock bond payment delay.

Short interest jumped to 25.1% of free float as of Monday, the highest level since January 2015, according to S&P Global data. The growing bets underscore mounting concerns over the firm’s finances after it sought a one-year extension on a 2 billion yuan ($283 million) note due this month.