Lehman: The Latest Short Story
Lehman (LEH) executed a sudden management shake-up on Thursday, ousting its long-serving president and demoting its finance chief following a $2.8bn second-quarter loss that raised questions about its future as an independent investment bank, says the FT.
Here is the latest chart (click to enlarge) on Lehman. As you can see, the short interest is continuing to increase. The percentage of Lehman's Market Cap on Loan has now reached 16.74%, a record level.
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