Beyond Meat Inc (BYND) reported 1st Quarter increased revenues of $40.2 million, an increase of 215% year on year as well as projecting full year revenues of $210 million. With sales and retail demand growing at breakneck speed Beyond Meat has increased its manufacturing capacity in hopes of meeting the additional demand. The plant based protein food producer believes it will become â€śbreak evenâ€ť on an EBITDA basis for the year.
- Beyond MeatEquitiesS3 ResearchUncategorized
Beyond Meat Incâ€™s (BYND) stock price has increased by 244% since its May IPO and short sellers, most of whom entered their trades after BYNDâ€™s initial pop to $70, are down 20%. Short sellers had been very active immediately after BYNDâ€™s IPO but recently been relatively quiet with shares shorted increasing by only 838 thousand shares, +$67 million, over the last week.