VXRT - Vaxart is soaring on more than 10 times the two-month average volume

Vaxart ([[VXRT]] +46.5%) shares are on the rise today, and if the rally holds the stock appears to be on course to post its highest one-day gain since early February.So far 150.7M Vaxart shares have changed hands more than 11 times the 65-day average volume at ~13.4M.Despite the resignation of two prominent board members in late January, the company shares extended three consecutive days of sharp gains to climb ~49.8% on February 02.According to Seeking Alpha data, Vaxart is heavily shorted with ~20.4% of its outstanding shares currently on loan.Despite a ~100.7% gain over the past 12-month period, Vaxart has underperformed the SPDR Biotech ETF over the past 30 days.As for recent news on the company, yesterday Vaxart announced an upcoming webinar scheduled for May 03.At the event, the company expects to release new Phase 1 data supporting the efficacy of its COVID-19 vaccine VXA-CoV2-1.

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Vaxart is soaring on more than 10 times the two-month average volume