Dec. 24 at 7:24 PM
$NVAX seems like shorts lost some appetite after Sanofi bought dynavax for &2.3B.
Almost double their market cap of
$1.3B.
Dynavax was shorted 10%. So shorts lost
$130 million.
Novavax is shorted 35% so shorts losses will reach around
$500,000 in case of a similar deal.