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Why Nano-X Imaging Stock Fell Almost 15% in September

TheMotleyFool

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Why Nano-X Imaging Stock Fell Almost 15% in September

Shares of Nano-X Imaging (NASDAQ: NNOX) fell 14.7% in September, according to data provided by S&P Global Market Intelligence. But that's not the whole story. The stock price had more than doubled early in the month as the company attracted investor interest thanks to its potentially revolutionary product.

However, Nano-X stock also attracted some unwanted attention from short-sellers. Two of them alleged that the company is a scam, which sent investors running. The stock collapsed just as quickly as it had taken off.