Why Beyond Meat (BYND) Stock Is Falling

Beyond Meat, Inc. BYND shares are trading lower by 8.46% to $11.79 Friday afternoon amid profit taking after the stock gained on Thursday. BYND stock rose on heavy volume Thursday afternoon. The increase in share price Thursday took place as the stock trended across social media platforms.

Beyond Meat shares may have been experiencing a short squeeze. BYND has a total share float of 58.71 million, of which 25.29 million shares are sold short, representing a remarkable 43.07% of shares sold short.

See Also: Looking At Beyond Meat's Recent Unusual Options Activity

Beyond Meat is a provider of plant-based meats, such as burgers, sausage, ground beef and chicken.

According to data from Benzinga Pro, BYND has a 52-week high of $44.51 and a 52-week low of $9.81.