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

WEN Acquisition Corp (NASDAQ:WENNU) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 600 shares, a decline of 62.5% from the September 15th total of 1,600 shares. Based on an average daily trading volume, of 17,300 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 17,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Harraden Circle Investments LLC purchased a new position in WEN Acquisition during the 2nd quarter valued at about $31,709,000. MMCAP International Inc. SPC purchased a new position in WEN Acquisition during the 2nd quarter valued at about $12,684,000. LMR Partners LLP purchased a new position in WEN Acquisition during the 2nd quarter valued at about $12,684,000. Linden Advisors LP purchased a new position in WEN Acquisition during the 2nd quarter valued at about $9,540,000. Finally, AQR Arbitrage LLC purchased a new position in WEN Acquisition during the 2nd quarter valued at about $9,514,000.

WEN Acquisition Trading Up 1.4%

WENNU opened at $10.80 on Monday. The business has a 50-day moving average of $10.49. WEN Acquisition has a 12 month low of $10.26 and a 12 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.