Herbalife Ltd. rose the most in more than four months, signaling that Carl Icahn’s prediction that rival hedge-fund manager Bill Ackman would become the victim of the “mother of all short squeezes” may be coming true.
The cost to short sell Facebook Inc. has surged to the most-expensive level in a 10-point scale developed by Data Explorers Ltd., which said bets against the social-media company amount to 4.3 percent of shares sold in the company’s initial public offering.
Short selling in Hong Kong has risen to the highest level since September 2010 as concerns of slowing Chinese economic growth and further monetary-policy tightening intensify, according to a report from Data Explorers.
Groupon Inc., which just completed the biggest initial public offering by a U.S. Internet company since Google Inc. sold shares in 2004, is among the most difficult stocks for short sellers to borrow and bet against.
British Sky Broadcasting Group Plc’s board may come under pressure to push Rupert Murdoch ’s News Corp. for another 2.2 billion pounds ($3.6 billion) as hedge funds flow into shares of Britain’s largest pay-TV provider.