Rumors of short squeeze and the meme stock craze hit Beyond Meat, soaring 146% before another surge

Plant-based meat producer Beyond Meat's stock price has surged significantly recently, skyrocketing 146% on Tuesday, sparking speculation in the market about a "short squeeze." Despite the surge in stock price, the company's stock has accumulated a decline of over 3% this year. Analysts point out that this increase is primarily driven by a short squeeze rather than an improvement in fundamentals. Although the company has alleviated some burdens through debt restructuring, Beyond Meat has still not achieved profitability, and sales are struggling to cover operating costs