Beyond Meat, Inc. (NASDAQ:BYND) Short Interest Down 7.8% in January

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 31,190,000 shares, a decline of 7.8% from the January 15th total of 33,830,000 shares. Based on an average daily volume of 3,670,000 shares, the days-to-cover ratio is currently 8.5 days. Approximately 51.5% of the company's shares are sold short.

Insider Transactions at Beyond Meat

In related news, insider Ethan Brown sold 313,000 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the completion of the transaction, the insider now owns 1,703,288 shares in the company, valued at $6,387,330. The trade was a 15.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.60% of the company's stock.

Hedge Funds Weigh In On Beyond Meat

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in Beyond Meat by 305.1% during the 4th quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company's stock worth $30,000 after buying an additional 5,940 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Beyond Meat during the fourth quarter worth about $37,000. Ballentine Partners LLC purchased a new stake in shares of Beyond Meat during the fourth quarter worth about $39,000. Van ECK Associates Corp raised its position in shares of Beyond Meat by 68.8% in the 4th quarter. Van ECK Associates Corp now owns 10,498 shares of the company's stock valued at $39,000 after purchasing an additional 4,280 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Beyond Meat in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 52.48% of the company's stock.

Beyond Meat Trading Down 1.5 %

Shares of BYND traded down $0.06 during mid-day trading on Friday, hitting $4.02. The company's stock had a trading volume of 4,320,269 shares, compared to its average volume of 3,461,055. The firm has a market capitalization of $262.10 million, a price-to-earnings ratio of -0.96 and a beta of 2.31. The company's 50-day moving average is $3.87 and its 200-day moving average is $5.20. Beyond Meat has a 52-week low of $3.30 and a 52-week high of $12.12.

Beyond Meat Company Profile

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.