Beyond Meat stock jumped on Thursday and that's putting pressure on the hundreds of millions of dollars that investors have bet against the stock.
Investors betting against Beyond Meat's stock lost more than $80 million in mark-to-market losses as the stock jumped on Tuesday, according to S3 Partners analyst Ihor Dusaniwsky.
"BYND has been a major short sale target since its IPO and short sellers have already maxed out stock borrow availability in the stock," Dusaniwsky said in a note. The alternative meat maker will see its plant-based burgers tested at McDonald's in Canada, an announcement that sent shares of Beyond Meat up 11.6% in trading. The move also meant those shorting the stock lost more than $80 million in mark-to-market losses on the day, according to S3 Partners analyst Ihor Dusaniwsky. Short positions have now lost more than $730 million in market-to-market losses, S3 foound.
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