Beyond Meat is falling back to earth after rallying 1,300% — but the damage has already been done to short-sellers

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Beyond Meat stock dropped on Thursday, extending losses after its weeklong rally stumbled in the previous session. Yet, while the plant-based meat producer's stock is stumbling, the meme-fueled frenzy has already left short-sellers hurting. Following a four-day rally that took the stock up more than 1,300%, Beyond Meat wiped out a huge gain on Wednesday to end about 1% lower. The reversal continued on Thursday, with the stock down as much as 23%. Short interest in the stock—a necessary