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

Beyond Meat, Inc. (NASDAQ:BYND) was the recipient of a large growth in short interest during the month of 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. Currently, 51.4% of the company’s shares are short sold. Based on an average trading volume of 3,270,000 shares, the short-interest ratio is presently 9.5 days.

Beyond Meat Stock Performance

Shares of BYND stock opened at $4.08 on Monday. Beyond Meat has a 52-week low of $3.30 and a 52-week high of $12.12. The firm has a market capitalization of $266.02 million, a P/E ratio of -0.98 and a beta of 2.26. The stock has a 50 day moving average price of $4.28 and a 200 day moving average price of $5.60.

Beyond Meat (NASDAQ:BYND) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.03. The business had revenue of $81.01 million for the quarter, compared to the consensus estimate of $80.13 million. Beyond Meat’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted ($1.09) earnings per share. As a group, sell-side analysts forecast that Beyond Meat will post -2.09 EPS for the current year.

Insider Buying and Selling

In related news, insider Ethan Brown sold 313,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 1,703,288 shares of the company’s stock, valued at approximately $6,387,330. This trade represents a 15.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Beyond Meat

Institutional investors and hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in Beyond Meat during the 2nd quarter valued at $41,000. Ballentine Partners LLC bought a new stake in Beyond Meat during the 4th quarter valued at $39,000. Intech Investment Management LLC bought a new stake in Beyond Meat during the 3rd quarter valued at $128,000. The Manufacturers Life Insurance Company raised its position in Beyond Meat by 17.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock valued at $178,000 after purchasing an additional 3,902 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its position in Beyond Meat by 7.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 36,493 shares of the company’s stock valued at $245,000 after purchasing an additional 2,650 shares in the last quarter. 52.48% of the stock is owned by institutional investors.

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.