Dec. 12 at 3:20 AM
$BYND
Shorts who piled into BYND under a dollar before the October spike are still mostly trapped because the run to 7$ pushed them so far underwater that closing would have triggered a major squeeze They held through the spike and added more shorts on the way down to average up which pushed their breakeven into the 2
$ISH range Borrow fees exploded from around 100-700% which means they paid huge daily costs just to stay in the trade At the same time big waves of FTDs showed they couldn’t find real shares to close so many positions remained open and stuck Even with the stock back near a dollar the high borrow costs and higher average prices mean a new move upward could force margin calls and recreate the same squeeze dynamics seen in
$AMC
We're almost there!
