Short Interest in The Wendy's Co Drops By 11.6% (WEN)
The Wendy's Co (NASDAQ:WEN) was the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 29,704,191 shares, a decrease of 11.6% from the July 31st total of 33,589,663 shares, Analyst RN reports. Currently, 8.7% of the shares of the stock are sold short. Based on an average daily volume of 6,068,793 shares, the days-to-cover ratio is currently 4.9 days.
The Wendy's Co (NASDAQ:WEN) opened at 8.15 on Tuesday. The Wendy's Co has a 52 week low of $7.61 and a 52 week high of $10.27. The stock’s 50-day moving average is $8.1 and its 200-day moving average is $8.58. The company has a market cap of $2.991 billion and a P/E ratio of 30.58.
The Wendy’s Company is a quick-service restaurant company in the hamburger sandwich segment. Wendy’s is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food.
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