Beyond Meat Stock’s Wild Ride Triggers a Short-Seller Frenzy
The rapid rally in shares of Beyond Meat Inc. has sent some short sellers scrambling to exit their positions to avoid further damage, while still others doubled down on their bets against the stock. Over four days, shares of the beleaguered plant-based protein producer surged more than 1,300% through Wednesday’s intraday peak. That’s pushed short sellers’ paper losses to more than $120 million from last week’s record low close, according to data from S3 Partners LLC. The rapid about-face from an all-time ...