Beyond Meat Stock (BYND): Why The Price Went Up Today

By Amit Chowdhry ● Jan 13, 2022
  • 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.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.