I'm having the same issues with my Series 2 since the update; unusually high battery drain and I discovered today that it's not fully charging after a night on the charger. After the battery drain issues I decided to check that it was actually at 100% when I took it off the charger each morning. Today after 9 hours charging it was only at 78%; these issues have only started since I updated and they appear to be intermittent.
Just as rgyiv wrote, have you tried restarting your watch. I have had the sam problem with my S2 after some FW updates, and restarting the watch has helped me every time.