AAON dips as short-seller flags data center accounting

** Shares of air conditioning and heating equipment maker AAON AAON fall 2% to $96 in early trading

** Jehoshaphat Research says it is short on AAON, alleging the company is inflating revenues and margins through aggressive accounting in its fast-growing but low-margin BASX data center cooling segment

** "We believe BASX revenue is currently overstated by ~30–40% thanks to such accounting games " says Jehoshaphat Research

** Jehoshaphat Research says questionable data center projects and accounting practices began under AAON's former CEO and Chief Accounting Officer, both of whom recently exited and sold shares

** AAON's current market value is $8.02 bln

** Including session moves, shares down 17.7% YTD