Short Interest in Beyond Meat, Inc. (NASDAQ:BYND) Expands By 13.0%

Beyond Meat, Inc. (NASDAQ:BYND) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 31,170,000 shares, a growth of 13.0% from the December 15th total of 27,590,000 shares. Approximately 51.4% of the shares of the stock are sold short. Based on an average daily volume of 3,270,000 shares, the days-to-cover ratio is currently 9.5 days.

Insider Buying and Selling

In related news, insider Ethan Brown sold 313,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the completion of the sale, the insider now owns 1,703,288 shares in the company, valued at approximately $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Beyond Meat

Institutional investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its holdings in shares of Beyond Meat by 91.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 569,773 shares of the company’s stock worth $3,863,000 after purchasing an additional 272,240 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Beyond Meat by 42.7% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 625,396 shares of the company’s stock worth $4,240,000 after purchasing an additional 186,996 shares during the period. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Beyond Meat by 93.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 210,612 shares of the company’s stock worth $1,413,000 after purchasing an additional 101,652 shares during the period. Intech Investment Management LLC purchased a new position in shares of Beyond Meat in the 3rd quarter worth approximately $128,000. Finally, Ballentine Partners LLC purchased a new position in shares of Beyond Meat in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Beyond Meat Price Performance

NASDAQ BYND opened at $4.08 on Monday. The stock has a market capitalization of $266.02 million, a PE ratio of -0.98 and a beta of 2.26. The business has a 50 day simple moving average of $4.28 and a two-hundred day simple moving average of $5.60. Beyond Meat has a 1-year low of $3.30 and a 1-year high of $12.12.

Beyond Meat (NASDAQ:BYND) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.03. The firm had revenue of $81.01 million for the quarter, compared to analysts’ expectations of $80.13 million. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.09) EPS. On average, analysts anticipate that Beyond Meat will post -2.09 EPS for the current fiscal year.

Beyond Meat Company Profile

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.