Beyond Meat Shorts Close to `Tipping Point' as Losses Mount
This article is for subscribers only.
Beyond Meat Inc. bears are battered, but they haven’t given up -- yet.
Short sellers have managed to dodge a short squeeze despite the stock’s 33% advance in the past six trading days, according to S3 Analytics. While the stock fell as much as 4.5% on Wednesday, expectations for borrow rates to resume rising could mean a capitulation is near. The stock fell 1.2% to $167.80 at 3:00 p.m. in New York trading.