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Kynikos Associates founder Chanos: We're still short Caterpillar

Famed short-seller Jim Chanos said the fundamental story for Caterpillar has not changed and that he is still betting against the company.

"The collapse has not happened. The unwind has not happened. That's ahead of us, not behind us," the founder of Kynikos Associates said in an interview with CNBC's Scott Wapner on "Halftime Report" on Wednesday.

While investors have seen Caterpillar as a way to invest in construction and growth in China, Chanos explained that the bubble in real estate...