The Beyond Meat stock is struggling to withstand the invasion of short sellers. Short interest climbed to about 36 percent of Beyond Meat’s free float, making it the most shorted business in the Russell 1000 index. This is up from 26 percent at the beginning of October and short interest is rising at an alarming rate for the producer of plant-based meat. This might be a justified strategy for the short bets, considering its disappointing stock performance, abysmal financials, and lackluster overall outlook in recent months. Beyond Meat shares have plummeted 52 percent over the last 12 months, falling below $67. A flurry of good news has supported the stock to kick off 2022, with a year-to-date gain of roughly 2 percent. Several brokerages have slashed their price targets on the stock. Based on 14 Wall Street analysts providing 12-month price targets in the last three months, Beyond Meat has …
Wall Street Appetite for Beyond Meat Stock Erodes as Shorts Intensify
January 17, 2022
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