Looking Into Wendy's's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Wendy's (NYSE:WEN) has seen a 6.01% increase in short interest, with 15.7% of its float sold short. This is higher than its peers' average of 9.49%. It would take traders 3.1 days to cover their short positions.
July 15, 2024 | 4:30 pm
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Wendy's has experienced a 6.01% increase in short interest, now at 15.7% of its float. This is significantly higher than its peers' average of 9.49%. It would take traders 3.1 days to cover their short positions.
The increase in short interest suggests that investors are becoming more bearish on Wendy's stock. This could lead to downward pressure on the stock price in the short term as more traders bet against it.
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