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

Beyond Meat, Inc. (NASDAQ:BYND) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 31,170,000 shares, a growth 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. Approximately 51.4% of the company’s stock are short sold.

Insider Buying and Selling

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the sale, the insider now directly owns 1,703,288 shares of the company’s stock, valued at approximately $6,387,330. This 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 at the SEC website. Insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Beyond Meat

A number of hedge funds have recently added to or reduced their stakes in BYND. Ballentine Partners LLC acquired a new stake in shares of Beyond Meat in the 4th quarter worth about $39,000. Van ECK Associates Corp grew its position in Beyond Meat by 68.8% in the 4th quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock worth $39,000 after purchasing an additional 4,280 shares during the last quarter. Perigon Wealth Management LLC increased its stake in shares of Beyond Meat by 25.9% in the fourth quarter. Perigon Wealth Management LLC now owns 14,530 shares of the company’s stock valued at $55,000 after purchasing an additional 2,986 shares during the period. Intech Investment Management LLC bought a new stake in shares of Beyond Meat during the third quarter valued at approximately $128,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of 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 buying an additional 3,902 shares during the period. 52.48% of the stock is currently owned by institutional investors.

Beyond Meat Price Performance

Shares of NASDAQ:BYND traded down $0.17 during trading on Monday, reaching $3.79. 2,880,559 shares of the company’s stock traded hands, compared to its average volume of 3,378,964. The stock has a market capitalization of $247.12 million, a P/E ratio of -0.91 and a beta of 2.26. Beyond Meat has a 12 month low of $3.30 and a 12 month high of $12.12. The company has a 50 day moving average of $4.07 and a 200-day moving average of $5.40.

Beyond Meat (NASDAQ:BYND) last issued its earnings results on Wednesday, November 6th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.03. The company had revenue of $81.01 million during the quarter, compared to analyst estimates of $80.13 million. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.09) earnings per share. Equities research analysts predict that Beyond Meat will post -2.09 earnings per share for the current fiscal 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.