On the 27th, McDonald's (212.6, - 0.03, - 0.01%) announced that it would cooperate with beyond meat, the first stock of artificial meat, to try to promote 'artificial meat' hamburgers in some restaurants in Canada. Driven by this news, beyond meat's share price rose sharply on Thursday, causing heavy losses to investors shorting the stock.
The stock closed up 11.6% on Thursday. According to ihor dusaniwsky, an analyst at S3 partners, this means that investors shorting the stock lost more than $80 million that day. So far, bears have accumulated market value losses of more than $730 million.
Dusaniwsky pointed out in a report: 'beyond meat has been a major short target since the IPO, and short sellers have maximized the borrowing of stocks.'
Dusaniwsky said that at present, the total short position of beyond meat reached US $746 million. The company is the seventh largest shorting Stock among U.S. packaged food and meat companies.