Short-seller Jim Chanos discussed his market views, the election and investments in an extensive interview with CNBC's Scott Wapner on Tuesday.
On heavily shorted stocks, the founder and managing partner of Kynikos Associates said: "Almost all studies I know of show that stocks with very, very high short interest relative to shares outstanding have underperformed the market."
On the election: "I think the markets basically like gridlock [with a Republican House] ... the idea there is a check on a Democratic Senate [and] White House is probably a good thing for the markets. I suspect that is what we're going to get."
The Democratic donor also said he is not voting for Hillary Clinton, but instead writing in a candidate.
On Caterpillar: "[The company's third-quarter report] missed expectations basically again ... we literally saw a once-in-lifetime, because of the build out in China, boom in digging holes in the ground."
He also discussed:
- Shorting Alibaba, Tesla and Valeant
- His negative view on the "athleisure" space
- Media industry
- Under Armour
To watch the broadcast interview in its entirety, you must be a CNBC PRO subscriber.