Short Interest in WEN Acquisition Corp (NASDAQ:WENNU) Declines By 50.0%

WEN Acquisition Corp (NASDAQ:WENNU) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 300 shares, a drop of 50.0% from the September 30th total of 600 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On WEN Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp purchased a new stake in WEN Acquisition during the second quarter worth approximately $265,000. Syquant Capital Sas purchased a new stake in WEN Acquisition during the second quarter worth approximately $265,000. Deltec Asset Management LLC purchased a new stake in WEN Acquisition during the second quarter worth approximately $264,000. Walleye Capital LLC purchased a new stake in WEN Acquisition during the second quarter worth approximately $330,000. Finally, Clear Street LLC purchased a new stake in WEN Acquisition during the second quarter worth approximately $513,000.

WEN Acquisition Price Performance

Shares of WENNU opened at $10.54 on Friday. The firm has a 50-day moving average of $10.52. WEN Acquisition has a 1 year low of $10.26 and a 1 year high of $11.91.

WEN Acquisition Company Profile

We are a blank check company incorporated on January 13, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.