Beyond Meat, Inc. (NASDAQ:BYND) Short Interest Update

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

Insider Buying and Selling

In related 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 completion of the transaction, the insider now owns 1,703,288 shares in the company, valued at $6,387,330. The trade was a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is currently owned by insiders.

Institutional Trading of Beyond Meat

Several institutional investors have recently modified their holdings of BYND. Canada Pension Plan Investment Board purchased a new stake in Beyond Meat in the second quarter valued at $41,000. Ensign Peak Advisors Inc lifted its holdings in shares of Beyond Meat by 7.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 36,493 shares of the company’s stock valued at $245,000 after purchasing an additional 2,650 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Beyond Meat by 17.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock valued at $178,000 after purchasing an additional 3,902 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in Beyond Meat by 93.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 210,612 shares of the company’s stock worth $1,413,000 after buying an additional 101,652 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in Beyond Meat by 91.5% during the third quarter. Vontobel Holding Ltd. now owns 569,773 shares of the company’s stock worth $3,863,000 after buying an additional 272,240 shares during the period. Hedge funds and other institutional investors own 52.48% of the company’s stock.

Beyond Meat Price Performance

Shares of Beyond Meat stock traded down $0.10 during trading on Friday, hitting $4.08. 5,940,722 shares of the stock were exchanged, compared to its average volume of 3,483,359. The firm’s 50-day moving average price is $4.28 and its 200 day moving average price is $5.62. The stock has a market cap of $266.02 million, a price-to-earnings ratio of -0.98 and a beta of 2.26. Beyond Meat has a 12-month low of $3.30 and a 12-month high of $12.12.

Beyond Meat (NASDAQ:BYND) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.03. The business had revenue of $81.01 million for the quarter, compared to analysts’ expectations of $80.13 million. During the same period last year, the firm earned ($1.09) earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts forecast that Beyond Meat will post -2.09 earnings per share for the current year.

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.