BYND short squeeze inbound!
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.
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.
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