Novavax, Inc. (NVAX) Short Interest Update

Novavax, Inc. (NASDAQ:NVAX) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 63,771,259 shares, a growth of 4.1% from the January 15th total of 61,262,737 shares. Based on an average daily volume of 8,256,953 shares, the days-to-cover ratio is currently 7.7 days. Currently, 16.9% of the shares of the stock are sold short.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Novavax from a “buy” rating to a “hold” rating in a report on Friday, February 1st. BidaskClub raised Novavax from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $2.00 price objective on shares of Novavax in a report on Tuesday, January 29th. HC Wainwright assumed coverage on Novavax in a report on Monday, January 28th. They set a “buy” rating and a $6.00 price objective on the stock. Finally, LADENBURG THALM/SH SH set a $4.00 price objective on Novavax and gave the company a “buy” rating in a report on Friday, January 4th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Novavax currently has an average rating of “Buy” and an average price target of $4.18.

Shares of NASDAQ:NVAX traded down $0.07 during trading on Monday, reaching $2.20. The stock had a trading volume of 6,696,840 shares, compared to its average volume of 9,107,929. Novavax has a 52 week low of $1.15 and a 52 week high of $2.75. The stock has a market capitalization of $869.07 million, a P/E ratio of -3.49 and a beta of 2.41.



Several large investors have recently bought and sold shares of the company. Federated Investors Inc. PA raised its stake in shares of Novavax by 1.3% in the third quarter. Federated Investors Inc. PA now owns 335,868 shares of the biopharmaceutical company’s stock valued at $631,000 after acquiring an additional 4,428 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Novavax by 131.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,729 shares of the biopharmaceutical company’s stock valued at $31,000 after acquiring an additional 9,515 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Novavax by 2.6% in the fourth quarter. New York State Common Retirement Fund now owns 390,228 shares of the biopharmaceutical company’s stock valued at $718,000 after acquiring an additional 9,900 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Novavax by 4.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 330,409 shares of the biopharmaceutical company’s stock valued at $607,000 after acquiring an additional 13,500 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Novavax by 51.0% in the fourth quarter. Cerity Partners LLC now owns 63,162 shares of the biopharmaceutical company’s stock valued at $116,000 after acquiring an additional 21,331 shares during the last quarter. Institutional investors own 40.98% of the company’s stock.

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Novavax Company Profile

Novavax, Inc, together with its subsidiary, Novavax AB, a clinical-stage biotechnology company, focuses on the discovery, development, and commercialization of recombinant nanoparticle vaccines and adjuvants. Its lead adjuvant is Matrix-M that is used to enable a vaccine to enhance the amplitude of the immune response and qualitatively change it, enhance its specificity to provide protection against related microorganisms, as well as allows immunization with much lower doses of antigen.

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