Short Interest in WEN Acquisition Corp (NASDAQ:WENNU) Drops By 98.3%

WEN Acquisition Corp (NASDAQ:WENNU) was the target of a large decrease in short interest in 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 days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 2,363 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On WEN Acquisition

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

WEN Acquisition Stock Down 1.8%

Shares of NASDAQ WENNU traded down $0.19 during midday trading on Tuesday, reaching $10.29. The stock had a trading volume of 1,600 shares, compared to its average volume of 4,153. The company’s 50 day moving average price is $10.30 and its 200 day moving average price is $10.46. WEN Acquisition has a twelve month low of $10.23 and a twelve month 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. 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.