The bears that staked against Beyond Meat have lost $ 398 million. The company's shares are up 600% of the initial public offering. Shares began trading earlier in May at $ 25. Shares are traded at around $ 170.
Sellers such as Andrew Left, CEO of Citron Research, even began to hedge their short positions against Beyond Meat. Covering losses from shorts is now being replaced by stock purchases of the company. When this happens, Wall Street is experiencing a phenomenon called short squeeze. Such squieges can be super-intensified, especially if the number of shares is small, as is the case with Beyond Meat.
This IPO is one of the most successful so far. The company strives to create the "protein of the future". Beyond meat develop burgers with meat on a plant basis. In this way they offer a solid alternative for those who want to move away from heavy meat diets.
Source: CNBC
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