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Why MiMedx Group Inc. Is Sinking Today

TheMotleyFool

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Shares of MiMedx Group (NASDAQ: MDXG), a biopharmaceutical company focused on regenerative medicine, fell 10% as of 3:45 p.m. EDT on Monday. However, there doesn't appear to be any company-specific news that can help to explain the sell-off.

MiMedx Group has been targeted by short-sellers over the last month, so today's volatility could simply be attributable to more activity on this front. That seems likely since the number of shares that have been sold short has jumped over the past two months:

Data source: Nasdaq.

Source: Fool.com