Wendys Company (The) June 15th Short Interest Update

The short interest in Wendys Company (The) (NASDAQ:WEN) has increased from 21,323,995 on May 31,2016 to 23,299,433 on June 15,2016. The change was measured at 1,975,438 shares or 9.3%. The leftover shorts were 9.4% of the floated shares. The days to cover are 5, given the average daily volume of 4,602,550 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Wendys Company (The) (NASDAQ:WEN): The stock opened at $9.52 on Friday but the bulls could not build on the opening and the stock topped out at $9.70 for the day. The stock traded down to $9.45 during the day, due to lack of any buying support eventually closed down at $9.66 with a loss of -2.33% for the day. The stock had closed at $9.89 on the previous day. The total traded volume was 10,496,785 shares.

The company shares have dropped -13.75% from its 1 Year high price. On May 5, 2016, the shares registered one year high at $11.38 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $10.23 and the 200 Day Moving Average price is recorded at $10.29.

Wendys Company (The) (NASDAQ:WEN) has tumbled 4.07% during the past week and has dropped 6.12% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.48%. Wendys Company (The) (NASDAQ:WEN) has underperformed the index by 3.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

The Wendys Company is the parent company of its wholly owned subsidiary holding company Wendys Restaurants, LLC (Wendys Restaurants). Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States. Wendys is the quick-service restaurant company in the hamburger sandwich segment. Wendys is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States.

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