BUZZ-Heavily shorted retail picks Beyond Meat and Krispy Kreme build on recent gains

Reuters
Oct 22
BUZZ-Heavily shorted retail picks <a href="https://laohu8.com/S/BYND">Beyond Meat</a> and <a href="https://laohu8.com/S/DNUT">Krispy Kreme</a> build on recent gains

** Beyond Meat BYND.O, Krispy Kreme DNUT.O shares jump 82% and 18% premarket respectively, adding to run of recent gains

** Shares of plant-based meat maker last at $6.58, having rallied over 146% in the previous session after co announced plans to expand distribution into Walmart WMT.N stores

** BYND hit a record low in the aftermath of restructuring its debt with bondholders in late September, but has recovered about 600% in past three sessions

** Bearish bets on BYND are at 12.1% of free float, according to data compiled by LSEG

** Krispy Kreme shares last up at $4.4, adding to 14% jump in previous session

** Short interest on DNUT's shares available for trading, is at 15.1% -- LSEG data

** DNUT, BYND had the most new watchers in last 24 hours on retail investor-focused social media platform stocktwits.com

** DNUT among top retail trades during meme stock surges this year

** Other retail favorite GoPro GPRO.O up 9.6% after gaining about 9% in the previous two sessions, while Roundhill's MEME ETF MEME.P rose 5%

(Reporting by Johann M Cherian in Bengaluru)

((johann.mcherian@thomsonreuters.com))

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