Beyond Meat (NASDAQ:BYND) shares surged 70% in premarket trading Monday, jumping from $0.64 to $1.08, extending the strong upward momentum seen on Friday, when the stock gained 24%.
The rally appears to be driven by growing speculative interest in small-cap stocks with high short interest, making Beyond Meat particularly susceptible to a short squeeze. Recent data shows that approximately 10.5% of the company’s float is held short — equal to around 39.6 million shares — with days to cover at roughly 4.4.
Beyond Meat’s status as a well-known consumer brand is amplifying this effect, with some retail traders increasingly treating the stock as a “meme stock” candidate. Friday’s sharp move from $0.52 set the tone for today’s dramatic premarket spike.
Importantly, the stock’s surge has occurred without any major corporate announcements or fundamental developments, underscoring that the rally is likely technical in nature. The movement seems to be fueled by short covering and speculative trading, rather than any shift in the company’s business fundamentals.
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