Beyond Meat Short-Sellers Take a $155 Million Beating in Rally
This article is for subscribers only.
Beyond Meat Inc. short sellers are sitting out the celebration over the faux meat maker’s first earnings report as a public company, which sent its shares up as much as 36%.
“Shorts are down $155m mark-to-market on today’s move,” Ihor Dusaniwsky, head of research for financial analytics firm S3 Partners told Bloomberg News in a message. “Today’s move brings year-to-date losses in the name to $321m or 72%.”