Vaccine-maker Moderna has become the most shorted company in the S&P 500, with its share price slumping to its lowest level since before the Covid-19 pandemic as people skip jabs.
After months of anti-vax rhetoric from US health secretary Robert F Kennedy Jr, the number of Americans getting Covid shots is down about 24 per cent from this point last year, according to a November 21 report from Jefferies, an investment bank.
Despite plenty of supply, analysts have said vaccine fatigue was contributing to lower Covid vaccination rates in the past few months compared with 2024 or 2023.
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