Overview
- The stock jumped again Wednesday, trading above $6 premarket after back‑to‑back triple‑digit sessions and record turnover that topped about 1.2 billion shares on Monday.
- Roundhill added Beyond Meat to its actively managed Meme Stock ETF, a move the firm said was to capture renewed retail momentum and one that coincided with intensified short covering.
- Beyond Meat disclosed expanded placement at more than 2,000 Walmart stores, including a Beyond Burger six‑pack, Beyond Chicken Pieces, and Beyond Steak Korean BBQ‑Style.
- Short interest remained extreme, with estimates ranging from more than 63% of free float (FactSet) to about 81.8% (Ortex), creating prime conditions for a squeeze.
- The rally comes days after a notes exchange that will issue up to roughly 316 million new shares following lock‑up expirations, while recent results showed falling revenue and ongoing losses.