WEN Acquisition Corp (NASDAQ:WENNU) Sees Significant Decline in Short Interest

WEN Acquisition Corp (NASDAQ:WENNU) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 8 shares, a decrease of 98.3% from the January 15th total of 480 shares. Based on an average daily volume of 2,363 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 2,363 shares, the short-interest ratio is presently 0.0 days.

WEN Acquisition Stock Performance

Shares of WENNU stock opened at $10.29 on Wednesday. The stock’s fifty day moving average price is $10.30 and its 200 day moving average price is $10.46. WEN Acquisition has a 1-year low of $10.23 and a 1-year high of $11.91.

Hedge Funds Weigh In On WEN Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of WENNU. OMERS ADMINISTRATION Corp acquired a new stake in WEN Acquisition in the 2nd quarter worth approximately $265,000. Walleye Capital LLC acquired a new stake in shares of WEN Acquisition during the second quarter worth $330,000. Clear Street LLC purchased a new stake in shares of WEN Acquisition during the second quarter valued at $513,000. Hudson Bay Capital Management LP acquired a new position in shares of WEN Acquisition in the 2nd quarter valued at $985,000. Finally, Berkley W R Corp purchased a new position in WEN Acquisition in the 2nd quarter worth $1,048,000.

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. 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.