October 21, 2016 / 6:57 PM / a year ago

BUZZ -Concordia International Corp: Record intraday pct gain

(Updates)

** Canadian drugmaker’s U.S.-listed shares jump as much as 39.8 pct to $5.55; record intraday pct gain

** Toronto-listed shares up 17.33 pct at C$6.16

** Says Chief Executive Mark Thompson would step down after a replacement is found

** As of Sept. 30, 21.4 pct of CXRX’s outstanding shares were sold short, as per exchange data; Risk of short squeeze high at 97/100, according to StarMine, considering share volatility and supply of shares

** More than 18.9 mln U.S.-listed shares traded, 10.8x 30-day moving avg; busiest day in 10 months

** Up to Thursday’s close, Concordia’s U.S. shares had fallen 90.28 percent this year

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