BYND topped the Reddit ticker rankings on October 23 with 276 posts and a sentiment score of 0.69, as retail investors zeroed in on a potential short squeeze.
A Schedule 13D filing revealed a major institutional stake, while the stock’s addition to the Nasdaq Reg SHO threshold list signaled persistent settlement issues and high short interest.
Reddit communities, led by r/10xPennyStocks and r/smallstreetbets, framed the setup as a “short squeeze cocktail,” citing high borrow rates, low share availability, and a tightening float.
Beyond Meat (![]()
The Squeeze Setup: 13D, Reg SHO, and 109% Short Interest
The most cited catalyst was a Schedule 13D filed with the SEC on October 22, showing that an institutional investor converted $117.8 million in convertible notes into 33.4 million shares of ![]()
On the same day, ![]()
Data from Ortex, cited in several r/10xPennyStocks posts, showed short interest at 109% of the free float on October 23, while Fintel and other sources reported figures between 60% and 80%. Borrow fees were described as “exploding,” with annualized rates above 400% and almost no shares available to borrow. One post in r/smallstreetbets noted that 240 million shares had been sold short against only about 7 million available to borrow, a mismatch that users framed as evidence of persistent settlement pressure.
Reddit Sentiment: Bullish, but with a Warning
The dominant tone across r/10xPennyStocks (283 posts, average sentiment 0.63), r/pennystocks (151 posts, 0.63), and r/smallstreetbets (78 posts, 0.64) was overwhelmingly bullish. Many users urged a “hold and buy the dip” strategy, comparing the setup to the GameStop (![]()
![]()
However, a minority of posts in r/pennystocks and r/smallstreetbets offered a more cautious view. One user who bought at $6.46 and was already in the red warned against “putting 1/4 of your portfolio into runs like this,” while another post explicitly called ![]()
The Options Layer: Gamma and the Float
Several posts in r/smallstreetbets and r/10xPennyStocks focused on the options market, noting a heavy concentration of in-the-money call options expiring on October 24. One user calculated that 166,021 call contracts were set to expire, representing 166 million shares—more than double the company’s 63 million share float. The implication, according to the posts, was that market makers would be forced to buy shares to hedge, creating a gamma squeeze dynamic on top of the already elevated short interest.
The combination of a 13D filing, a Reg SHO listing, an SSR, and a high concentration of call options was the most common “squeeze cocktail” cited across the discussion. Users in r/Shortsqueeze and r/10xPennyStocks described the setup as “tightening daily,” with the key period for potential price movement identified as October 25 through November 1.
Subscribe to Tendie.bot for more market recaps.
