WEN Acquisition Corp (NASDAQ:WENNU – Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 480 shares, a decrease of 37.4% from the December 15th total of 767 shares. Based on an average daily trading volume, of 1,628 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 1,628 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On WEN Acquisition
Several institutional investors and hedge funds have recently modified their holdings of the business. Harraden Circle Investments LLC acquired a new stake in WEN Acquisition during the 2nd quarter worth approximately $31,709,000. MMCAP International Inc. SPC bought a new stake in shares of WEN Acquisition during the second quarter worth $12,684,000. LMR Partners LLP bought a new stake in shares of WEN Acquisition during the second quarter worth $12,684,000. Linden Advisors LP acquired a new stake in shares of WEN Acquisition during the second quarter worth $9,540,000. Finally, AQR Arbitrage LLC bought a new stake in WEN Acquisition in the 2nd quarter valued at $9,514,000.
WEN Acquisition Stock Down 0.7%
Shares of WEN Acquisition stock opened at $10.31 on Friday. The stock’s fifty day simple moving average is $10.37 and its 200 day simple moving average is $10.49. WEN Acquisition has a 12 month low of $10.23 and a 12 month high of $11.91.
About WEN Acquisition
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. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
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