1/23/2024 0 Comments Ag stock short squeeze23, this metric sat a relatively far lower 33.58%. Lastly, on the topic, the short borrow fee rate stands at a gargantuan 77.34% as of the latest read. Also, as of six hours ago, at a leading prime brokerage (so not a comprehensive total, to be clear), no shares are available for shorting. In addition, Fintel reports that BYND currently stands as number 166 among the top 250 most bearishly targeted securities, per the investment resource’s proprietary Short Squeeze Leaderboard. With BYND stock doubling this dubious benchmark, it’s almost guaranteed to attract some contrarian speculative intrigue. According to data from Fintel, BYND’s short interest stands at 43.16% of its float, along with a short interest ratio of 9.87 days to cover.įor reference, market experts consider short interest above 20% of the underlying float as extremely high. Likely, a major catalyst for this development centers on short-squeeze speculation. It’s also up in the trailing five sessions. Still, BYND stock popped higher during the midweek session. BYND Stock May Be Rising on Short-Squeeze Speculation Among them are a loss of market share in the core plant-based meat category, struggles to attract and retain customers despite lower pricing and margin-killing promotions and rising debt. Reading off like a who’s who of corporate anxieties, TD Cowen analysts pointed to myriad worrying signals. If that wasn’t bad enough, the Wall Street experts stated that it doesn’t appear the troubles will subside anytime soon. Recently, Beyond Meat reported negative sales growth for the sixth quarter in a row. Primarily, a TD Cowen report warned that the California-based enterprise suffers a credibility crisis. Obviously, the main question centers on the counterintuitive catalyst. However, BYND stock managed to pop higher on Wednesday. Once a high-flying enterprise, Beyond has clearly struggled since its heyday. Recently, analysts warned that the plant-based food pioneer operates under “survival mode” and may eventually suffer a bankruptcy. Under reasonable assessments, it’s difficult to come away with any conclusion other than Beyond Meat (NASDAQ: BYND) faces significant challenges.
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