5 Most Shorted Stocks Right Now

2. Novavax, Inc. (NASDAQ:NVAX)

Short Interest Percentage: 49.12%

Novavax, Inc. (NASDAQ:NVAX) is a biotechnology company developing treatments for the coronavirus and other similar diseases. While the firm beat analyst EPS estimates for its second quarter, it cut full year guidance leading the shares to drop in the market.

17 out of the 910 hedge funds polled by Insider Monkey for 2023’s June quarter had bought a stake in Novavax, Inc. (NASDAQ:NVAX). Himanshu H. Shah’s Shah Capital Management is the company’s biggest investor courtesy of its $40.7 million stake.

Follow Novavax Inc (NASDAQ:NVAX)