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Why Beyond Meat Stock Was Down Today

·2-min read
Why Beyond Meat Stock Was Down Today

There was no company-specific news out on Beyond Meat today, but yesterday, Financial Times noted that it had become one of the most shorted stocks on the U.S. stock market. According to Financial Times, 42% of the Beyond Meat float is now sold short, higher than any other Russell 1000 stock, meaning a significant percentage of investors are betting on the stock to fall. Financial Times went on to say that investors had become concerned after the company said in October that third-quarter revenue would be short of its guidance at just $106 million compared to the previous range of $120 million to $140 million.

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