OSI Systems (OSIS) volatility spikes as shares sell off 24%
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OSI Systems (OSIS) Sell-Off on Short Report an 'Overreaction' - Drexel Hamilton
December 7, 2017 6:29 AM EST(Updated - December 7, 2017 7:35 AM EST)
(updated to expand on analyst comments)
Drexel Hamilton analyst Brian Ruttenbur said yesterday's sell-off in OSI Systems (NASDAQ: OSIS) based on a new short seller report from Muddy Waters was an 'Overreaction'.
Ruttenbur believes the facts in the report are incorrect and is telling clients to take advantage of the weakness.
The analyst highlights four points that directly responds to the key allegations:
1. The report stated they could not reach management of OSIS after multiple tries. I do not know who the researcher... More
