URL has been copied successfully!
Beyond Meat Inc. (NASDAQ:BYND) shares surged Wednesday morning. The move follows a volatile Tuesday session. Retail traders are again targeting heavily shorted equities.
Short Squeeze Dynamics In Play
Short interest in the plant-based protein company climbed. Data shows a rise from 133.53 million to 141.73 million shares. This represents 30.82% of the company’s publicly available float.
Current trading volume averages 26.97 million shares per day. At this pace, short sellers need 5.25 days to cover positions.
Meme-Stock Momentum Returns
The stock is joining a broader meme basket narrative. Traders are focusing on names with structural …
Please follow us:
This post was originally published here
