Uptrend In Plant-Based Food Stocks Index Continued In June
Image by Sean Hayes from Pixabay
The 3 stocks in the munKNEE Plant-based Food Stocks Index are ranked below as to their performances this week, the month of June, and YTD:
- Oatly Group (OTLY): up 13.3% this week, up 29.7% in June and is now up 17.8% 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% - 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.
- current price/share: $2.05
- Beyond Meat (BYND): up 0.5% this week, up 27.9% in June and is now up 5.6% 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%
- current price/share: $12.98
- Tattooed Chef (TTCF): up 3.8% this week, No Change in June but is still down 55.6% YTD.
- 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.
- current short interest: 27.8%
- current price/share: $0.55
Summary
The munKNEE Plant-Based Food Stocks Index was up 2.0% this week, up 26.7% in June and is now up 1.9% YTD
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