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

WEN Acquisition Corp (NASDAQ:WENNU) saw a large 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 daily volume of 5,368 shares, the short-interest ratio is presently 0.0 days.

WEN Acquisition Trading Down 0.1%

Shares of WENNU opened at $10.39 on Thursday. WEN Acquisition has a 52-week low of $10.23 and a 52-week high of $11.91. The business’s fifty day moving average is $10.36 and its 200-day moving average is $10.36.

Hedge Funds Weigh In On WEN Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the business. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of WEN Acquisition in the 2nd quarter valued at $8,456,000. Shay Capital LLC bought a new position in shares of WEN Acquisition in the 2nd quarter valued at $6,405,000. Whitebox Advisors LLC bought a new position in shares of WEN Acquisition in the 2nd quarter valued at $6,342,000. Sculptor Capital LP acquired a new stake in shares of WEN Acquisition during the 2nd quarter valued at $4,228,000. Finally, Moore Capital Management LP acquired a new stake in shares of WEN Acquisition during the 2nd quarter valued at $2,650,000.

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.