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

WEN Acquisition Corp (NASDAQ:WENNU) saw a large drop in short interest in 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 days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

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

WEN Acquisition Price Performance

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

About WEN Acquisition

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.