Why Nano X Imaging's Stock Is Trading Lower Today

Nano X Imaging NNOX shares are trading lower on Tuesday after Muddy Waters Research issued bearish commentary and announced a short position in the stock.

Nano X Imaging is engaged in the business of manufacturing medical imaging systems. It offers the Nanox System, which is a combination of hardware and software.

Nano X Imaging shares were trading down 20.64% at $22.88 on Tuesday at the time of publication. The stock has a 52-week high of $66.67 and a 52-week low of $20.26.