Short Interest in Beyond Meat, Inc. (NASDAQ:BYND) Declines By 7.8%

Beyond Meat, Inc. (NASDAQ:BYND) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 31,190,000 shares, a decrease of 7.8% from the January 15th total of 33,830,000 shares. Currently, 51.5% of the company’s shares are short sold. Based on an average trading volume of 3,670,000 shares, the short-interest ratio is presently 8.5 days.

Beyond Meat Stock Up 2.2 %

BYND opened at $4.04 on Tuesday. Beyond Meat has a 52 week low of $3.30 and a 52 week high of $12.12. The business has a fifty day simple moving average of $3.87 and a 200-day simple moving average of $5.24. The firm has a market cap of $263.28 million, a P/E ratio of -0.96 and a beta of 2.31.

Insider Buying and Selling

In other news, insider Ethan Brown sold 313,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 1,703,288 shares in the company, valued at $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BYND. Vontobel Holding Ltd. boosted its holdings in Beyond Meat by 128.7% in the fourth quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock valued at $4,899,000 after purchasing an additional 733,168 shares during the period. Zweig DiMenna Associates LLC acquired a new stake in Beyond Meat in the fourth quarter valued at $1,746,000. Millennium Management LLC increased its position in shares of Beyond Meat by 73.8% during the fourth quarter. Millennium Management LLC now owns 619,957 shares of the company’s stock worth $2,331,000 after purchasing an additional 263,337 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Beyond Meat during the fourth quarter worth about $796,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Beyond Meat during the fourth quarter worth about $382,000. 52.48% of the stock is currently owned by hedge funds and other institutional investors.

About Beyond Meat

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.