Altimmune (ALT) Stock Falls on Kerrisdale Capitals Short Call

After falling short in its pursuit of a Covid-19 vaccine, Altimmune Inc. is poised to disappoint investors once again, this time with its experimental weight-loss drug, according to a short report.

Shares of the biotechnology company tumbled 19% on Tuesday, after Sahm Adrangi’s Kerrisdale Capital Management revealed a new short position.

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