Beyond Meat, Inc. (NASDAQ:BYND) Sees Large Growth in Short Interest

Beyond Meat, Inc. (NASDAQ:BYND) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 31,170,000 shares, an increase of 13.0% from the December 31st total of 27,590,000 shares. Based on an average daily volume of 3,270,000 shares, the short-interest ratio is presently 9.5 days. Currently, 51.4% of the shares of the stock are sold short.

Beyond Meat Trading Down 4.3 %

Shares of Beyond Meat stock traded down $0.17 on Monday, reaching $3.79. 2,880,559 shares of the company were exchanged, compared to its average volume of 3,378,964. Beyond Meat has a fifty-two week low of $3.30 and a fifty-two week high of $12.12. The firm has a market capitalization of $247.12 million, a price-to-earnings ratio of -0.91 and a beta of 2.26. The stock has a fifty day moving average price of $4.07 and a 200-day moving average price of $5.40.

Beyond Meat (NASDAQ:BYND) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.03. The company had revenue of $81.01 million for the quarter, compared to analyst estimates of $80.13 million. During the same quarter in the previous year, the firm posted ($1.09) EPS. Beyond Meat’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Beyond Meat will post -2.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Ethan Brown sold 313,000 shares of Beyond Meat stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.75, for a total value of $1,173,750.00. Following the transaction, the insider now owns 1,703,288 shares of the company’s stock, valued at $6,387,330. The trade was a 15.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 8.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Beyond Meat

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its position in Beyond Meat by 61.2% during the fourth quarter. Rhumbline Advisers now owns 131,327 shares of the company’s stock worth $494,000 after buying an additional 49,875 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Beyond Meat by 128.7% in the fourth quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock worth $4,899,000 after buying an additional 733,168 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Beyond Meat by 68.8% during the 4th quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock worth $39,000 after acquiring an additional 4,280 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Beyond Meat by 25.9% during the 4th quarter. Perigon Wealth Management LLC now owns 14,530 shares of the company’s stock valued at $55,000 after acquiring an additional 2,986 shares during the last quarter. Finally, Zweig DiMenna Associates LLC bought a new position in shares of Beyond Meat in the 4th quarter valued at approximately $1,746,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

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.