Ackman Not Worried As Herbalife Continues To Rise

Herbalife Ltd. (NYSE:HLF) shares have risen by more than 1%, the stock continues to defy the huge short placed on it by Bill Ackman. According to a CNBC report however, the fund manager is not fazed by the current movement in the stock, and is dedicated to continuing the short.

According to Ackman, "We stand by everything we have said. We haven't covered a share. And we look forward to the company's rebuttal." Ackman, who began publicly criticizing the company in mid-December, seems confident that the trade will work out in his favor.