"fully dirisked?" The company is sitting on over $100+ million in cash with additional funding from BARDA? This is a takeover candidate for sure.
It's pretty clear to me they are allowing shorts to unwind their positions after the unexpected jump in the stock price. We will never see a short squeeze like in the earlier years. This is controlled covering at its finest.
What's in their favor is the contract and cash with phase 3 around the corner. I think the recent interest by the financial institutions is they are setting them up for a buy out.
One would guess that the recent CT Order filing was because of the recent EBOLA vaccine news? I am guess but it sounds like maybe BARDA is allowing them to use some of the funds help the human trial along until more funding is available and announced.
This company reminds me of MAKO Surgical. Getting in around $7 and then Goldman Sachs gives it a price target of $38. The stock went to $43 and change and got hammered after earnings that missed expectations BUT not by much. The stock was knocked down to $11 range and then it was bought out $30 but Intuitive Surgical. The point is... most of the companies of this type are bought out because a lot of ground work has been done and proven. I expect someone to come in and take out Novavax very very soon.
Shorts better be praying he doesn't or it's going to be a long long weekend for them. Stan the Man!