Beyond Meat, Inc. (NASDAQ:BYND) Short Interest Up 13.0% in December

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

Beyond Meat Price Performance

Shares of BYND stock traded down $0.10 during trading hours on Friday, hitting $4.08. 5,940,722 shares of the company's stock were exchanged, compared to its average volume of 3,483,359. Beyond Meat has a 52 week low of $3.30 and a 52 week high of $12.12. The stock has a market cap of $266.02 million, a price-to-earnings ratio of -0.98 and a beta of 2.26. The stock's 50-day moving average is $4.28 and its 200-day moving average is $5.60.

Beyond Meat (NASDAQ:BYND - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.03. The company had revenue of $81.01 million for the quarter, compared to the consensus estimate of $80.13 million. Beyond Meat's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned ($1.09) earnings per share. Equities research analysts forecast that Beyond Meat will post -2.09 earnings per share for the current fiscal year.

Insider Activity at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the sale, the insider now directly owns 1,703,288 shares of the company's stock, valued at approximately $6,387,330. This represents a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake 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 valued at $4,240,000 after acquiring an additional 186,996 shares during the last quarter. Vontobel Holding Ltd. grew 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 valued at $3,863,000 after buying an additional 272,240 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Beyond Meat by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company's stock valued at $3,545,000 after buying an additional 7,332 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its position 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 valued at $1,413,000 after buying an additional 101,652 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Beyond Meat by 16.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company's stock worth $257,000 after buying an additional 5,419 shares during the period. 52.48% of the stock is currently owned by institutional investors and hedge funds.

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.