Nio stock rocked, even as short-seller report is said to contain ‘numerous errors’

Shares of NIO Inc. were hit hard by a short-seller report on Wednesday, alleging exaggerated financial results, even as the China-based electric vehicle maker said the report is without merit and contains “numerous errors.”

The stock
NIO,
-3.85%

dropped 6.8% in premarket trading, putting it on track for a third-straight loss. It had already slumped 7.1% over the past two days.

Grizzly Research, which has bet that NIO’s stock…

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