Continued Increase In Short Interest Percentages Propels Plant-Based Food Stocks Index

Image by Sean Hayes from Pixabay

The 3 stocks in the munKNEE Plant-based Food Stocks Index have advanced again this week due to a rising percentage of short interest in Tattooed Chef (TTCF) and Beyond Meat (BYND). Their stock price performances this week and MTD are presented below in descending order:

  1. Tattooed Chef (TTCF): UP 6.9% this week; UP 12.7% MTD
    • Offers a broad portfolio of plant-based food products that are available in the frozen food sections of national retail food stores across the United States.
    • Its short interest percentage has risen marginally from 28.2% to 28.5% in the expectation that its financial woes will negatively impact its stock price going forward.
  2. Beyond Meat (BYND): UP 6.6% this week; UP 26.7% MTD
    • Seeks to replicate the look, "cook", and taste of meat. Its products are sold in the meat case of retail food stores across the U.S. and Canada and 83 other countries.
    • Its short interest percentage has increased further to 45.4% from a very high 43.2% last week indicating that short sellers are still expecting the stock price to decline substantially going forward.
  3. Oatly Group (OTLY): DOWN 7.0% this week; UP 18.4% MTD
    • The world’s largest oat drink company catering primarily to customers in Sweden, Germany, the United Kingdom, Netherlands, Finland, and North America.
    • Its short interest percentage has lessened from 9.6% to 7.4% this week and its decline in price reflects a lesser interest in the stock by short sellers. 


The munKNEE Plant-Based Food Stocks Index was down 29.5% in May but is now up 25.0% MTD.

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