Trends-UK
Beyond Meat shares jump after debt exchange settlement triggers short squeeze

** Shares of Beyond Meat BYND up 117% at $1.36
** Goldman Sachs sees the stock as having a 23.3% chance of having a one standard deviation move upward, representing a 46.4% gain, over the next week
** At Monday’s high of $1.53, BYND was up 135%, nearly a 3-standard deviation move, per Goldman’s calculations
** Co avoids near-term default despite significant dilution; share count rises from ~76.65 mln to over 400 mln following debt exchange settlement announced last week
** With current short interest last at about 64% of its total free float, the company is also among the most shorted U.S. stocks, data from analytics firm Ortex
** Including session’s moves, stock down ~46% YTD




