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

WEN Acquisition Corp (NASDAQ:WENNU) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 190 shares, an increase of 2,614.3% from the March 31st total of 7 shares. Based on an average daily trading volume, of 6,863 shares, the days-to-cover ratio is currently 0.0 days.

WEN Acquisition Stock Performance

WEN Acquisition stock opened at $10.32 on Friday. WEN Acquisition has a 52 week low of $10.23 and a 52 week high of $11.91. The business has a 50-day simple moving average of $10.32 and a 200 day simple moving average of $10.39.

Hedge Funds Weigh In On WEN Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the company. Glazer Capital LLC purchased a new position in shares of WEN Acquisition in the 4th quarter worth about $84,000. Lineage Point Capital LP purchased a new position in shares of WEN Acquisition in the 4th quarter worth about $102,000. Walleye Capital LLC purchased a new position in shares of WEN Acquisition in the 2nd quarter worth about $330,000. Hudson Bay Capital Management LP purchased a new position in shares of WEN Acquisition in the 2nd quarter worth about $985,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of WEN Acquisition in the 2nd quarter worth about $1,402,000.

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.