Wendy’s Co.
(NASDAQ:WEN) shares surged on Wednesday, catching traders’ attention as speculation builds around a potential short squeeze fueled by heavy retail interest and elevated short positioning.
WEN stock is soaring.
See the chart and price action here. ‘Fixing Her’ Benzinga Pro data shows short interest in Wendy’s at 37% of the float, a notably high level that has historically drawn the attention of momentum-driven traders looking for asymmetric upside.
The move comes as chatter across Reddit’s WallStreetBets and other retail trading forums accelerates, with users pointing to the setup as reminiscent of past meme stock runs.
