NVTS, CAR, BYND: Meme Short-Squeeze Still Running?
Navitas surged another 20.48% to $18, bringing its three-day cumulative gain to over 60%. The move remains entirely dependent on fresh short supply for forced covering — once that exhausts, can prices hold without fundamental support? Beyond Meat rose 5.26% to $1.10, extending a volatile three-day pattern of rallies, overnight collapses, and recoveries that Benzinga explicitly characterizes as meme-driven and disconnected from fundamentals, while SeekingAlpha notes gross margins are "near zero." When does meme momentum fade — and can losses be contained when the next leg down arrives?