Neat Food is the latest plant-based burger company to make its American debut, thanks in part to investment from actor Leonardo DiCaprio.
The company suffered from pricing softness during its first quarter, a sign that rivals are competing well.
Three years after its IPO debut, Beyond Meat, Inc.'s (NASDAQ: BYND) shares are now trading well below the starting price, with year-to-date loss extending beyond 50%. With looming cash flow burn concerns and geopolitical issues threatening the supply chain, short interest has ballooned over 40%.