Beyond Meat Short Squeeze Sends Stock Soaring
TL;DR Summary
Beyond Meat's stock surged by as much as 61% in intraday trading, causing significant losses for short sellers and setting up a potential short squeeze. The company's strong rally, combined with a crowded short position and high stock borrow costs, has left short sellers at risk. Despite a positive earnings report and a path to profitability, some analysts remain bearish on the stock, with no buy ratings and an average price target implying a 31% downside from current levels.
Topics:business#beyond-meat#businessfinance#earnings-report#short-sellers#short-squeeze#stock-market
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