Short Interest in Beyond Meat, Inc. (NASDAQ:BYND) Declines By 7.8%

Beyond Meat, Inc. (NASDAQ:BYND) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 31,190,000 shares, a decrease of 7.8% from the January 15th total of 33,830,000 shares. Based on an average trading volume of 3,670,000 shares, the days-to-cover ratio is presently 8.5 days. Approximately 51.5% of the company’s shares are short sold.

Beyond Meat Trading Up 2.3 %

Beyond Meat stock traded up $0.09 during trading on Monday, hitting $3.95. 3,188,389 shares of the company were exchanged, compared to its average volume of 2,990,138. The business’s 50 day moving average is $3.87 and its 200 day moving average is $5.24. Beyond Meat has a 52 week low of $3.30 and a 52 week high of $12.12. The company has a market capitalization of $257.54 million, a P/E ratio of -0.94 and a beta of 2.31.

Insider Buying and Selling at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the transaction, the insider now directly owns 1,703,288 shares in the company, valued at approximately $6,387,330. This represents a 15.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.60% of the company’s stock.

Institutional Trading of Beyond Meat

A number of institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in shares of Beyond Meat by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock valued at $3,545,000 after buying an additional 7,332 shares during the period. Zweig DiMenna Associates LLC purchased a new position in Beyond Meat during the fourth quarter valued at approximately $1,746,000. Vontobel Holding Ltd. grew its stake in Beyond Meat by 128.7% during the fourth quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company’s stock valued at $4,899,000 after acquiring an additional 733,168 shares in the last quarter. Ballentine Partners LLC bought a new stake in Beyond Meat during the 4th quarter worth approximately $39,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Beyond Meat by 17.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,469 shares of the company’s stock worth $178,000 after purchasing an additional 3,902 shares in the last quarter. 52.48% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Meat Company Profile

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.