Peering Into Beyond Meat's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Beyond Meat's short interest has risen by 10.62%, with 25.36 million shares sold short, representing 40.82% of its float. This is significantly higher than its peers' average short interest of 5.59%. It would take traders 13.61 days to cover their short positions.
May 16, 2024 | 1:45 pm
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Beyond Meat's short interest has increased by 10.62%, with 25.36 million shares sold short, representing 40.82% of its float. This is significantly higher than its peers' average short interest of 5.59%.
The significant increase in short interest suggests that investors are bearish on Beyond Meat's stock. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100