Currently up over 820% since its $25.00 IPO price in May this year, BYND has soared to current price levels due to optimistic headlines and future prospects. With a net profit margin of -26.7%, the current implied valuation of 13.8 billion USD market cap seems definitely overvalued in our opinion. Especially if we take BYND's current revenue of 115 Mio. USD into account. BYND has a short float of nearly 40%, and one of the highest borrowing rates in the markets with over 150% on shares. Borrow rates may rise even higher if the rally continues, as long sellers take profits on their positions and decrease supply. JPM downgraded the stock on June 11 due to its valuation. We also agree on that with current average price targets of 115 USD per share.