WEN Acquisition Corp (NASDAQ:WENNU) Sees Large Decrease in Short Interest

WEN Acquisition Corp (NASDAQ:WENNU) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 30 shares, a decline of 81.8% from the April 30th total of 165 shares. Based on an average daily volume of 5,368 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On WEN Acquisition

Several large investors have recently made changes to their positions in WENNU. Glazer Capital LLC purchased a new position in WEN Acquisition in the fourth quarter worth about $84,000. Lineage Point Capital LP purchased a new position in WEN Acquisition in the fourth quarter worth about $102,000. Walleye Capital LLC purchased a new position in WEN Acquisition in the second quarter worth about $330,000. Clear Street Group Inc. grew its position in WEN Acquisition by 35.8% in the fourth quarter. Clear Street Group Inc. now owns 192,660 shares of the company’s stock worth $1,971,000 after acquiring an additional 50,837 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in WEN Acquisition in the second quarter worth about $985,000.

WEN Acquisition Trading Up 0.1%

Shares of WENNU stock traded up $0.01 during trading hours on Friday, hitting $10.45. The stock had a trading volume of 1,002 shares, compared to its average volume of 22,478. WEN Acquisition has a one year low of $10.23 and a one year high of $11.91. The stock’s 50-day moving average price is $10.37 and its two-hundred day moving average price is $10.35.

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.