WEN Acquisition Corp (NASDAQ:WENNU – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 7 shares, a decrease of 72.0% from the May 31st total of 25 shares. Based on an average daily volume of 3,674 shares, the short-interest ratio is presently 0.0 days.
Institutional Investors Weigh In On WEN Acquisition
Several hedge funds have recently modified their holdings of the stock. Glazer Capital LLC acquired a new position in WEN Acquisition during the 4th quarter worth approximately $84,000. Lineage Point Capital LP purchased a new stake in shares of WEN Acquisition during the fourth quarter valued at approximately $102,000. Walleye Capital LLC purchased a new stake in shares of WEN Acquisition during the second quarter valued at approximately $330,000. Clear Street Group Inc. lifted its position in shares of WEN Acquisition by 35.8% during the fourth quarter. Clear Street Group Inc. now owns 192,660 shares of the company’s stock worth $1,971,000 after purchasing an additional 50,837 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in shares of WEN Acquisition during the second quarter worth $985,000.
WEN Acquisition Price Performance
NASDAQ:WENNU opened at $10.41 on Monday. The business’s 50-day moving average is $10.40 and its two-hundred day moving average is $10.34. WEN Acquisition has a 12 month low of $10.23 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. 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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