Why Nano-X Imaging Stock Just Crashed Another 12%

Investors in Nano-X Imaging Ltd (NASDAQ: NNOX) are having a rough couple of weeks.

Since soaring 250% after its August IPO, shares of the start-up X-ray machine maker have been pummeled by a series of negative reports from short sellers, beginning with a prediction by Citron Research that Nano-X was heading to $0, and culminating, this morning, in a new negative report from short-seller Muddy Waters.

Nano-X shares, which topped $64 on Sept. 11, got cut more than in half through the close of trading yesterday. Today, Nano-X stock is down another 12.2% through 10:30 a.m. EDT.

Source Fool.com