The manufacturer of meat substitute products recently disappointed investors and analysts with its quarterly figures.
(Photo: AP)
Düsseldorf The 2021 stock market year was devastating for Beyond Meat shareholders. The shares of the manufacturer of vegetable meat substitutes lost around 50 percent. According to a study by the Schaeffers Research analysis company, things could go up in January – and that has to do with shortsellers, of all things, who actually bet on falling prices.
Schaeffers analyst Rocky White signed up for his analysis looked at the January price development of stocks in which more than ten percent of the freely tradable shares were shortened at the end of December and which have lost more than ten percent over the course of the year. The analyzed period is four years and comprises 293 stocks.
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