News regarding the departure of several key executives including the firm’s CGO (chief growth officer), Deanna Jurgens, and CFO Philip E. This figure was lower than the 41.4% Beyond Meat short interest from 15 days before, and the first drop since late August. Try demo Beyond Meat short interest steady as top executives keep departingĪccording to data from MarketBeat, as of 15 November, the BYND short interest stood at 40.9% by the end of October, meaning that 23.44 million shares were being borrowed by short sellers by then with the expectation that the price would keep declining.
The firm employed around 800 workers to run its operations across the world after it laid off approximately 200 people as part of its cost-reduction initiatives.īeyond Meat listed its stock on the Nasdaq Stock Exchange on at $25 a share under the ticker symbol ‘BYND’. During the first nine months of 2022, Beyond Meat generated net revenues of $339m and net losses of $299.27m.Įthan Brown, the founder of the firm, served as the CEO as of November 2022. The company’s top products include the Beyond Meat Burger, Sausages and Beef. The company was founded in 2009 and its products are reportedly sold in more than 130,000 retail and food service establishments across the world as of 2021. What is Beyond Meat (BYND)?īeyond Meat is a manufacturer of plant-based vegan meat substitutes. Currently, the BYND short interest is one of the highest among Nasdaq-listed stocks as short sellers are expecting the worst for the plant-based meat company as funding is becoming scarce for companies with weak fundamentals.
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