Short seller Muddy Waters betting against OSI Systems

Jimmy 3x3 | 7 Views | 2017-12-06T15:45:55+00:00

BOSTON (Reuters) - Carson Block, founder of short seller Muddy Waters LLC which rose to fame for betting against a Chinese timber company, on Wednesday said it is betting that the stock of OSI Systems Inc will tumble.

FILE PHOTO: Carson Block, Chief Investment Officer, Muddy Waters Capital LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid/File Photo

The company’s stock price tumbled 9 percent. Block alleged in a video documentary that the maker of Rapiscan screening devices is “rotten to the core.”

Reporting by Svea Herbst-Bayliss; Editing by David Gregorio

Our Standards:The Thomson Reuters Trust Principles.

Read Full News Here