Analyst's Squeeze Play: Can Beyond Meat, Aurora Cannabis Juice The Shorted Stocks?
Portfolio Pulse from Nicolás Jose Rodriguez
Analyst Faizan Farooque sees potential short squeezes for Beyond Meat (NASDAQ:BYND) and Aurora Cannabis (NASDAQ:ACB) due to their recent actions and market conditions. Beyond Meat is facing challenges but is optimizing inventory and cutting costs. Aurora Cannabis has positive EBITDA but faces slow market growth.
June 18, 2024 | 4:55 am
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POSITIVE IMPACT
Aurora Cannabis has reported its fifth consecutive quarter of positive adjusted EBITDA and is reducing debt. However, it faces slow market growth and high SG&A expenses. The stock is trading well below its 52-week high.
Aurora Cannabis's positive EBITDA and debt reduction are positives, but slow market growth and high expenses are concerns. The stock's low price and high short interest could lead to a short squeeze.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Beyond Meat is facing a challenging environment with declining sales and competition. However, the company is optimizing inventory, discontinuing less profitable products, and cutting costs. The stock has a high short interest of nearly 40%.
Despite declining sales and competition, Beyond Meat's efforts to optimize inventory and cut costs, combined with a high short interest, could lead to a short squeeze.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100