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

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

Insider Buying and Selling at Beyond Meat

In related news, insider Ethan Brown sold 313,000 shares of the 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 sale, the insider now directly owns 1,703,288 shares of the company’s stock, valued at $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Beyond Meat

Several institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in 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. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Beyond Meat by 42.7% during the third 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. increased its position in Beyond Meat by 91.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 569,773 shares of the company’s stock worth $3,863,000 after purchasing an additional 272,240 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in 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 purchasing an additional 101,652 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Beyond Meat by 17.3% during the second quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock worth $178,000 after acquiring an additional 3,902 shares during the last quarter. 52.48% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Meat Trading Down 2.4 %

Shares of Beyond Meat stock traded down $0.10 on Friday, reaching $4.08. 5,940,722 shares of the stock were exchanged, compared to its average volume of 3,483,359. The firm has a market capitalization of $266.02 million, a PE ratio of -0.98 and a beta of 2.26. Beyond Meat has a 1-year low of $3.30 and a 1-year high of $12.12. The business has a fifty day moving average price of $4.28 and a two-hundred day moving average price of $5.62.

Beyond Meat (NASDAQ:BYND) last posted 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 business had revenue of $81.01 million during the quarter, compared to analyst estimates of $80.13 million. During the same period in the prior year, the business earned ($1.09) earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts expect that Beyond Meat will post -2.09 EPS for the current year.

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.