Uptrend In Largest Plant-Based Food Stocks Continues In July

Image by Sean Hayes from Pixabay

The 2 largest plant-based food stocks continued to advance in July. Below are the details as to their performances so far week and so far in July:

  1. Beyond Meat (BYND): UP 7.4% so far this week; UP 25.6% so far in July
    • 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.
    • market capitalization: $997M
    • current price/share: $16.30
    • current short interest: 40.8% 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): UP 0.5% so far this week; UP 5.6% so far in July
    • The world’s largest oat drink company catering primarily to customers in Sweden, Germany, the United Kingdom, Netherlands, Finland, and North America.
    • market capitalization: $1.24B
    • current price/share: $2.17
    • current short interest: 7.4%

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