Authorization

Battered Beyond Meat bears are grappling with an 'extraordinarily rare' situation where it's more expensive to short the stock than own it (BYND)

Battered Beyond Meat bears are grappling with an 'extraordinarily rare' situation where it's more expensive to short the stock than own it (BYND)
Drew Angerer/Getty Images



Beyond Meat's borrow fee has climbed to more than 100%, meaning it's more expensive to bet against the stock than to own it.




Still, short sellers are not leaving the trade despite losing $568 million this year, according to Ihor Dusaniwsky of the data-analytics firm S3 Partners.




It is rare for stocks to have borrow fees of more than 100% for more than a few days.




Watch Beyond Meat trade live.




Not everyone is happy with Beyond Meat's soaring stock price.
Short-sellers, or traders who have bet against the best-performing initial public offering of the year, have lost hundreds of millions of dollars as the stock has climbed to more than 600% of its initial IPO price of $25 a share.
On Monday, the fee to borrow shares of Beyond Meat surged to 134% for existing shorts, meaning that it is more expensive to short the stock than to go long, according to Ihor Dusaniwsky, the managing director of predictive analytics at the data-analytics firm S3 Partners. In addition, the scarcity of stock is now causing new shorts to pay premiums of 300% to 700% in borrow fees to enter the trade.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Февраль 2020    »
ПнВтСрЧтПтСбВс
 12
3456789
10111213141516
17181920212223
242526272829