Despite BYND price hitting new highs, the shorts have not closed their positions. This is in the face of high borrow rates and high stock prices. I'm expecting a short squeeze inbound and am holding 240c for 8/30. GL to all.
Source is Ihor from S3 financial: BYND short int is $1.21 bn; 5.14 mm shs shorted; 43.88% of float; 135.87% borrow fee & 150% on new borrows. Shs shorted declined by -283k last week as recalls and mark-to-market losses mount. Shorts are down -$155 mm,-13.81%, for the week, including up $82 mm today.