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On 17 August, Moderna shares jumped by more than 7%

Hedge Funds

Hedge Funds Correspondent

Moderna short-sellers lost millions on 17 August after the company confirmed that its new vaccine generated a "robust immune response" against Covid’s Eris variant.

Amid Moderna’s 7% stock rise on 17 August, short-sellers lost roughly $119m in 24 hours, according to data provided by financial analytics firm ORTEX.

Moderna short-sellers lose $119m in 24 hours amid new Covid vaccine success

Bilal Jafar

Moderna

Pfizer

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