What In The World Is Going On With Beyond Meat (BYND) Stock

Beyond Meat, Inc. BYND shares are trading higher by 21.2% to $13.00 Thursday, despite a lack of company-specific news. BYND stock is rising on heavy volume Thursday afternoon with 5.602 million shares traded, nearly 3x the trailing 100-day trailing volume of 2.0 million shares.

The increase in share price Thursday is taking place as the stock trends across social media platforms. Beyond Meat shares may also be 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 $9.81 and a 52-week low of $44.51.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.