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Barchart
Barchart
Aditya Raghunath

Moderna Is Most Shorted S&P 500 Stock Now. Is It a Contrarian Buy?

Moderna MRNA Cancer Vaccine Covid-19 United States

Hedge funds are betting hard against Moderna (MRNA). But the company's pipeline tells a very different story, and contrarian investors are paying close attention.

According to Bank of America's equity team, MRNA stock has the highest short interest of any S&P 500 ($SPX) stock, with 17.8% of its float sold short by hedge funds. That's a massive vote of no confidence from Wall Street's biggest players.

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