Beyond Meat Shorts May Be Close to Tipping Point as Losses Mount
Beyond Meat Inc. bears are battered, but they haven’t given up — yet.
Short sellers have managed to dodge a short squeeze despite the stock’s 35% advance in the past five trading days, according to S3 Analytics. But expectations for borrow rates to resume rising could mean a capitulation is near.
“Many short sellers are getting closer to the tipping point of closing out their positions due to expensive stock borrow rates, stock loan recalls and massive mark-to-market losses,” said Ihor Dusaniwsky, managing director of predictive analytics for S3. More…
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