Buy BYND stock to Huat Big Big?
Hi Mooers, ![]()
On today's topic, we will be discussing on how to gain useful insights into market sentiment by using the short sale data.
Here, I have extracted the 'Short Interest' data for Beyond Meat Inc.
The values on the left side shows the 'Short Interest (%)', while the values on the right side shows the 'Closing Price (US$)'.
The blue color line represents the 'Short Interest (%)' trend, while the gray color line represents the 'Closing Price (US$)' trend.
The blue color line represents the 'Short Interest (%)' trend, while the gray color line represents the 'Closing Price (US$)' trend.
Notice that when the 'Short Interest (%)' move up, the 'Stock Price' move down.
When the 'Short Interest (%)' move down, the 'Stock Price' move up.![]()
When the 'Short Interest (%)' move down, the 'Stock Price' move up.
Thus, we might be able to see BYND stock price moving up next week as 'Short Interest (%)' start to goes down further.
So, which value of 'Short Interest' data do you focus more? You may choose more than one.
Last but not least, remember to DYODD (Do your own due diligence), as the 'Short Interest' data is one of the many market sentiment indicators and it behaves differently for different stocks. ![]()
Thank you for your likes and support! ![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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