Shares of Beyond Meat, Inc. ( BYND ) are rising Tuesday after the company shared a retail partnership update.

BYND is surging to new heights today. Get the latest updates here.

What To Know: Beyond Meat ( BYND ) is expanding its existing relationship with Walmart by increasing the availability of select products at over 2,000 stores nationwide.

Shares of Beyond Meat ( BYND ) were up more than 45% following the announcement, according to Benzinga Pro.

Walmart will be among the first to sell the Beyond Burger 6-pack, the plant-based meat company’s newest value pack. The retailer will also start selling Beyond Chicken Pieces and Beyond Steak Korean BBQ-Style.

“We are proud to expand our distribution at Walmart, providing more consumers with access to Beyond’s clean and nutritious plant protein products,” said Ethan Brown, founder of Beyond Meat ( BYND ).

Beyond Meat ( BYND ) shares have been in the spotlight in recent sessions as the stock has climbed more than 175% over the past week largely due to increased attention from retail investors. Several posts across social media platforms appear to have sparked speculation in the heavily-shorted name.

Some of the recent surge may be due to short covering. 10.05% of Beyond Meat’s float is currently sold short, according to data from Benzinga Pro. Beyond Meat ( BYND ) had total short interest of 54.01% as of last week.

BYND Analysis: Beyond Meat ( BYND ) is currently trading approximately 7.9% below its 50-day moving average of $2.31 and about 30.4% below its 200-day moving average of $3.05. The relative strength index (RSI) stands at 43.58, indicating neutral momentum that suggests the stock may have room for further movement in either direction.

BYND Price Action: Beyond Meat ( BYND ) shares were up 56.12% at $2.28 at the time of publication on Tuesday, according to Benzinga Pro. The stock is trading within its 52-week range of 50 cents to $6.63.

Read More:

Beyond Meat Stock Surges After Debt Swap: No Bankruptcy, But Tons of Dilution

Image: courtesy of Beyond Meat ( BYND ).