William Ackman’s Valeant Loss Is Short-Sellers’ Gain

may be nursing losses over his investment in , but short-sellers who bet against the company’s stock are riding high. They are up $2.8 billion since the stock peaked in August 2015, according to S3 Partners, a financial analytics firm. Shares have cratered by 96% to near $11 this week from their record high of $262.52. Mr. Ackman’s Pershing Square Capital […]