happygo
07-07

$Beyond Meat, Inc.(BYND)$ With the current borrow rate, holding a short position doesn't seem to make much sense. The stock is priced as if the company is going out of business, but that's not clearly the case. There are large investors who see a turnaround story here. All the dilution and financial distress appears to be baked into the price. Paying over 100% borrow rate to hold this? It doesn't add up mathematically or mechanically. If someone wants to make a daily short-term bet, buying and selling $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  could offer similar gains with much less risk. Targeting this while paying over 100% interest just doesn't seem logical. It feels like the shorts might be wrong again. There could be another squeeze in a quarter or two. Three squeezes would be quite something.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment