- The stock price of Beyond Meat Inc (NASDAQ: BYND) increased by 4.75% today. This is why it happened.
The stock price of Beyond Meat Inc (NASDAQ: BYND) increased by 4.75% today. Investors appear to be coordinating a short squeeze on the company shares.
Attention was turned to Beyond Meat today primarily due to a Bloomberg report highlighting short-sellers targeting the company. Bloomberg pointed out that Beyond Meat was one of the most shorted companies in the Russell 1000 Index.
The short interest on the company is 37% of the freely traded shares, according to data from S3 Partners. This is up from 26% at the beginning of October.
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