Image by Sean Hayes from Pixabay

With the announcement that Tatttooed Chef (TTCF) has filed for Chapter 11 (bankruptcy) the number of constituents in the munKNEE Plant-based Food Stocks Index has been reduced to only 2 stocks. Back in March 2021, we were tracking 10 stocks, and have watched almost all of those fall by the wayside or diversify. BYND is the last remaining member of our original index. OTLY IPOed in May 2022 and was added to our index at that time.

They are ranked below as to their performances last week and YTD:

1. Beyond Meat (BYND): UP 13.9% last week; UP 20.3% YTD
   • 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.
   • current short interest: 42.4% - A high short interest signals that investors have become more bearish and may be getting ready to sell and, as such, that it may be time to liquidate a long position.
2. Oatly Group (OTLY): DOWN 3.4% last week; UP 13.8% YTD
   • The world’s largest oat drink company catering primarily to customers in Sweden, Germany, the United Kingdom, Netherlands, Finland, and North America.
   • current short interest: 7.5% 

For more information on this category read Beyond Meat Wannabes Are Failing as Hype and Money Fade.

Summary

The revised munKNEE Plant-Based Food Stocks Index was UP 11.7% last week and is now UP 19.5% YTD.

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