Beyond Meat (BYND) shares have declined from $22.57 to $5.64 over the past 12months with a 50-day moving average of $9.99. Over the past five trading days, BYND has fallen from $8.01 to $5.68. Forty-two percent of the float was short on October 15th. The company has $211 million cash on hand but has incurred a cumulative debt to shareholders of $1.2 billion. Market capitalization has fallen to $395 million.
It is questioned for how long this Company can continue in operation without being acquired or alternatively, filing for protection. With continuing short pressure and a declining share price, BYND is at risk of being ultimately delisted.
A review of BYND financial performance for the most recent quarter can be retrieved by entering “Beyond Meat” in the SEARCH block.