Bearish rumors and meme stock frenzy swept through Beyond Meat (BYND.US), which surged 146% before experiencing another big increase.

Plant-based meat producer Beyond Meat (BYND.US) has recently seen a significant increase in its stock price, once again sparking speculation in the market about a possible "short squeeze." On Tuesday, Beyond Meat's stock price skyrocketed 146% amidst a surge in trading volume. As of writing, pre-market trading shows an increase of 80%. However, the stock has seen a cumulative decline of over 3% so far this year. According to data on Wednesday, Beyond Meat's short interest as a percentage of outstanding shares has exceeded 50%. Despite lukewarm demand for plant-based meat in the market, Beyond Meat's stock price has continued to see extraordinary gains in recent days driven by a significant increase in trading volume. However, the company is facing difficulties in several areas. Analyst Joseph Parish commented, "This recent surge in stock price seems to be driven by a short squeeze rather than fundamental improvements - the current valuation of Beyond Meat fully reflects the difficult outlook for its transformation." Parish added, "Although Beyond Meat has partially alleviated its high debt pressure through debt restructuring, the company has still not achieved profitability, and current sales are struggling to cover operating costs." Elephant Analytics pointed out in a recent article that even though the company reduced net debt by over $800 million through a recent debt exchange offer, they still believe the intrinsic value of its common stock is zero. The recent spike in stock price is mainly attributed to the short squeeze triggered by the company's completion of a debt-to-equity exchange transaction last week. Earlier, Beyond Meat announced and completed an early debt exchange transaction - which led to a significant dilution of existing shareholders' equity and increased the company's debt burden, causing a sharp drop in its stock price. However, just a few days after the completion of the transaction, the company's stock price saw a significant surge. Over the past two weeks, Beyond Meat's stock price has fluctuated dramatically, with gains reaching as high as 146.26% and losses as low as 48.51%. In the first six months of this year, the company's net revenue decreased by 15% year-on-year.