Beyond Meat's heavily shorted shares jump 17%

BYND Cannasoft Enterprises

05/08/2022 16:06

** Shares of Beyond Meat Inc  BYND.O  jump 17% to $36.72, a
day after co reported Q2 results
    ** Short interest in BYND stood at ~37% of float as of July
15 - Refinitiv data
    ** BYND late on Thursday cut its FY revenue forecast and
announced job cuts as rising inflation has hurt efforts to make
its pricier plant-based meat more affordable for consumers
 urn:newsml:reuters.com:*:nL4N2ZG4DK
    ** Several heavily shorted stocks including Bed Bath &
Beyond's shares  BBBY.O , Fubotv  FUBO.N  and Carvana   CVNA.N 
also jump 20% to 30% on Friday 
    ** Including session gains, BYND is down ~44% this year

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; Twitter: https://twitter.com/sampath_uday
  ;))