An army of retail investors sparked a rally in Beyond Meat, but gains quickly evaporated, leaving the stock at $1.11. The company recently let go of its controller due to internal reporting weaknesses. Despite an expanded partnership with Walmart, plant-based meat sales are stalling in the U.S. Short interest in the stock is high, at 26% of the float, but a potential catalyst is missing if traders don’t buy to close short positions. Beyond Meat’s outlook is murky, with challenges including waning plant-based meat demand in the U.S. Investors should consider other stocks for potential returns.
Read more at Yahoo Finance: Is Beyond Meat About to Stage an Epic Comeback?
