Over the last two months, the retailer has received a dozen sell ratings, a lone hold rating, and no buys. Last week, three firms downgraded the stock to sell with price targets in the $5 to $7.50 range. I had been playing with quite a few 'risky' investments (mushrooms, struggling airlines, EV, experimental biotech) and thought I should balance with something that would be a conservative, long-term growth. Lately, plunging sales and a CEO departure have been more reason for analysts' bearish sentiment. Not asking advice, just sharing my story because it seemed this was a place people might relate. An opportunity for anti-establishment spite tends to attract more people to the party and accelerate a squeeze.īed Bath & Beyond has long been despised by the Street even before it was ordained a meme play. The 'Mad Money' host said Beyond Meat could be the next Reddit favorite due to its high short interest rate. Often this is the reason why the stock is so heavily shorted in the first place. Beyond Meat stock jumped as much as 16 on Thursday after getting a boost from Jim Cramer. Some other stats, Beyond meat has grown its revenues from 30 million in 2017 to over 400 million in 2020. This means about 40 of its shares are being shorted. Roughly 21 out of the 56 million float are being shorted. Beyond Meat stock (ticker: BYND) often reacts positively to news of expanded distribution, but shares are up 10.6 because Walmart (WMT) is special. Beyond Meat (BYND) is officially the 10th most shorted stock. The retail giant is planning to take Beyond products into 2,400 stores, up from 800. It launched a retooled version, Beyond Chicken Tenders, in stores in 2021, and has built its. This matters because retail traders tend to rally behind a company that it knows the big professionals don't like. Beyond Meat stock is jumping Tuesday after the company announced an expanded distribution agreement with Walmart. Beyond Meat introduced plant-based chicken strips in retail in 2014, but pulled the product in 2019. Track Beyond Meat Inc (BYND) Stock Price, Quote, latest community. Pessimism amongst Wall Street research firms has been another key component of some of the biggest recent short squeezes. Track Cosmos Holdings Inc (COSM) Stock Price, Quote, latest. If a short attack can sustain momentum for a couple days, Beyond Meat could experience an epic weeklong squeeze. The calculation factors in the typical trading volume the stock sees, often an average of the last 30 or 90 days. This is the estimated number of days it would take short sellers to cover their positions by repurchasing borrowed shares. True to short squeeze form, the stock has since returned to where the social media fueled rally began.Īnother important metric to watch here is Beyond Meat's 6.4 short interest ratio. Earlier this month, Beyond Meat shot up above $40 following a disappointing second quarter report that included worker layoffs and lowered guidance. The struggling company has had some short squeeze flare ups of its own, but they've been relatively modest and underachievers.
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