3.25 million shares at $160 offered in the secondary offering.
Only 500k shares left to add to the market by 08/05. Expect a swing up to ~$200 before it crashes.
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...
1) Uptrend is supported by bullish trend line. If the trend line is maintained, expect the price to be $182 minimum by 7/19/2019.
2) $159 resistance was broken at market open 7/10/2019. Next major resistance point seems to be at $165.
3) Higher stock price and increasing borrow rates is causing a short squeeze which can skyrocket the stock to ~$220.
Credit to...
