Aphria Inc. and Ebix Inc. were among stocks that fell after new short calls were presented at the Whitney Tilson’s Kase Learning Shorting Conference in New York today. Here’s a list of the biggest movers from the event:
Aphria - Quintessential Capital
One of Canada’s biggest pot sellers, Aphria Inc., was pitched as a short idea by Quintessential Capital’s Gabriel Grego at the conference. The stock plunged as much as 29 percent. Grego said he is cautious on the company’s recent acquisitions in Latin America. He also expects a “massive” asset write-off that will impact the share price. An Aphria spokesperson called the allegations “false and defamatory” in an emailed statement and said the company is pursuing legal options and preparing a comprehensive response for shareholders.
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