Beyond Meat is falling back to earth after rallying 1,300% — but the damage has already been done to short-sellers

Core Insights - Beyond Meat's stock experienced a significant decline after a weeklong rally, dropping as much as 23% following a previous gain of over 1,300% [1][4] - Short-sellers faced substantial losses, with over $120 million in paper losses reported since the stock's rally began [2][3] - The short interest in Beyond Meat is currently at $129.6 million, with 36.19 million shares shorted, representing 49% of its float [3] Stock Performance - After a four-day rally, Beyond Meat's stock ended about 1% lower on Wednesday, continuing its downward trend on Thursday [1] - The stock's remarkable rise has drawn comparisons to the GameStop short squeeze of 2021, highlighting the volatility associated with meme stocks [4] Short-Seller Dynamics - Short-sellers transitioned from being up $80 million to down $45 million year-to-date due to the stock's volatility [2] - Since the stock's year-to-date low on October 16, short-sellers have incurred mark-to-market losses of -$119.1 million, equating to a -243% change [3] - The need to cover positions has led short-sellers to purchase 5.7 million shares since last week [3]