Short Interest in WEN Acquisition Corp (NASDAQ:WENNU) Decreases By 81.8%

by · The Cerbat Gem

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

WEN Acquisition Trading Up 0.1%

WENNU stock traded up $0.01 during mid-day trading on Friday, hitting $10.45. 1,092 shares of the company were exchanged, compared to its average volume of 22,481. The business has a 50 day simple moving average of $10.37 and a 200-day simple moving average of $10.35. WEN Acquisition has a 1-year low of $10.23 and a 1-year high of $11.91.

Institutional Investors Weigh In On WEN Acquisition

Several hedge funds have recently bought and sold shares of WENNU. Moore Capital Management LP acquired a new stake in WEN Acquisition during the second quarter worth approximately $2,650,000. JPMorgan Chase & Co. acquired a new stake in shares of WEN Acquisition in the second quarter valued at approximately $2,432,000. Walleye Capital LLC acquired a new stake in shares of WEN Acquisition in the second quarter valued at approximately $330,000. Shaolin Capital Management LLC acquired a new stake in shares of WEN Acquisition in the second quarter valued at approximately $1,679,000. Finally, Whitebox Advisors LLC acquired a new stake in shares of WEN Acquisition in the second quarter valued at approximately $6,342,000.

About WEN Acquisition

(Get Free Report)

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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