Short Sellers Are Ganging Up on Beyond Meat Stock. Is There Hope for a Squeeze, or Should You Ditch BYND Now
This is nothing new for the stock, as since its listing, the BYND stock's trajectory has been downward. However, the most recent decline followed the company’s announcement that nearly all of its convertible noteholders had accepted a debt exchange agreement, under which more than $1.1 billion of its 2027 notes would be swapped for new notes and up to 326,190,370 shares of common stock.Far removed from its heyday, when it boasted of a market cap beyond $10 billion, Beyond Meat's current market cap is at jus ...