Wall Street’s favorite battleground stock, Herbalife, is in the spotlight again.
The controversial maker of diet products, which reports results Monday after the close of trading, missed earnings expectations last quarter for the first time since 2008.
The stock has fallen more than 20 percent since then and has been on a roller coaster ride. On Friday, the shares rose 3.7 percent to close at $52.46. Part of the volatility is due to the short interest in the stock, which is near a 52-week high.
Investors have shorted more than 28 million shares — almost half of the float.