May 12, 2017 / 4:50 PM / 6 months ago

BUZZ-Badger Daylighting Ltd: Plunges after Cohodes reveals short position

** Land excavation service provider’s shares down 16 pct at C$25.74 in midday trading and on course for worst one-day performance since Aug. 2014

** Short-seller Marc Cohodes reveals on Twitter that he is short Badger’s stock

** Cohodes tells Canada’s BNN Badger’s stock is over-valued at four times sales, and that he lacks confidence in BAD’s current management

** During Q1 earnings call, Badger CEO Paul Vanderberg says he disagrees with Cohodes’ thesis

** More than 3.6 mln shares traded, 24x their 25-day moving avg

** Up to Thursday’s close, stock had fallen 4.7 pct this year

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