Shorts still taking aim at Badger Daylighting
According to the January 31st IIROC short-selling report published Tuesday, the short-selling position at Badger Daylighting (Sunny; BAD) stands at 1.94% of the company's float (estimated shares outstanding available for trading), up 0.014% from where it was in the January 15th report. Short-sellers may have their work cut out for them, however, as insider commitment at the firm remains strong. On that front, insiders have spent a net $1,886,058 picking up shares in the public market over the past 90 days. That amount does not include share repurchases which also took place to the tune of $37.1 million worth of Badger shares during the period.
Generally, we would characterize Badger stock as having a short-squeeze bias as short sellers are increasing their bets against a stock with relatively high insider commitment. Badger Daylighting is expected to release their 2018 annual and Q4 results after the close on March 12th.
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This post originally appeared on INKResearch.com.