Beyond Meat’s highly shorted shares jumped about 130% in premarket trading today, fueled by a fresh wave of buying among retail traders who have sparked meme stock frenzies on Wall Street in recent years.

The company has struggled with weak sales as demand dropped for its plant-based meat patties over the past four years, triggering job cuts and measures to manage its debt pile.

With short interest at about 81.8% of its free-float, Beyond Meat is one of the most shorted stocks in the market, according to data from analytics firm Ortex.

That was up from about 64% last week, when its stock dropped to an all-time low after a notes exchange offer that helped the company avoid near-term default at a significant stock dilution.

“Loss-making, heavily shorted, meme-able ticker and easy to unde

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