Short Interest: What’s Ahead for Wendys Company (NASDAQ:WEN) After Less Shorted Shares?

November 21, 2016 - By Clifton Ray   ·   0 Comments

Short Interest: What’s Ahead for Wendys Company (NASDAQ:WEN) After Less Shorted Shares?

The stock of Wendys Company (NASDAQ:WEN) registered a decrease of 21.83% in short interest. WEN’s total short interest was 28.25 million shares in November as published by FINRA. Its down 21.83% from 36.13 million shares, reported previously. With 4.18 million shares average volume, it will take short sellers 7 days to cover their WEN’s short positions. The short interest to Wendys Company’s float is 14.9%. About 2.06 million shares traded hands. Wendys Co (NASDAQ:WEN) has risen 11.16% since April 19, 2016 and is uptrending. It has outperformed by 7.30% the S&P500.

The Wendy’s Company is the parent company of its subsidiary holding firm Wendy’s Restaurants, LLC . The company has a market cap of $3.15 billion. Wendy’s Restaurants is the parent firm of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. It has a 17.64 P/E ratio. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment.

Insitutional Activity: The institutional sentiment decreased to 0.72 in 2016 Q2. Its down 0.56, from 1.28 in 2016Q1. The ratio turned negative, as 26 funds sold all Wendys Co shares owned while 66 reduced positions. 27 funds bought stakes while 91 increased positions. They now own 205.85 million shares or 1.97% more from 201.87 million shares in 2016Q1.
Blackrock Advsr Ltd Liability accumulated 0% or 117,292 shares. Moreover, Proshare Advisors Ltd Liability Company has 0% invested in Wendys Co (NASDAQ:WEN) for 19,409 shares. Blackrock Gru has invested 0% of its portfolio in Wendys Co (NASDAQ:WEN). New York State Common Retirement Fund last reported 485,500 shares in the company. Johnson Investment Counsel, a Ohio-based fund reported 11,720 shares. The New York-based Millennium Management Llc has invested 0.02% in Wendys Co (NASDAQ:WEN). Royal National Bank Of Canada last reported 0% of its portfolio in the stock. Citadel Advisors Limited Com, a Illinois-based fund reported 4.02M shares. Northern Tru has invested 0.01% of its portfolio in Wendys Co (NASDAQ:WEN). Oakbrook Invs Ltd Com has invested 0.01% of its portfolio in Wendys Co (NASDAQ:WEN). Plante Moran Fincl Advsr Limited has invested 0.01% of its portfolio in Wendys Co (NASDAQ:WEN). Paloma Prtn Mgmt Communication accumulated 0% or 37,621 shares. Huntington Retail Bank holds 0.01% or 22,404 shares in its portfolio. Fifth Third National Bank holds 500 shares or 0% of its portfolio. Balyasny Asset Management Limited Liability Company accumulated 20,778 shares or 0% of the stock.

Wendys Co (NASDAQ:WEN) Ratings Coverage

Out of 12 analysts covering Wendy’s (NASDAQ:WEN), 7 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 58% are positive. Wendy’s has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Vetr upgraded it to “Buy” rating and $11 target price in Wednesday, August 19 report. The stock of Wendys Co (NASDAQ:WEN) has “Neutral” rating given on Thursday, February 11 by JP Morgan. The firm earned “Neutral” rating on Thursday, August 27 by Goldman Sachs. On Friday, March 18 the stock rating was initiated by Longbow with “Buy”. On Thursday, August 6 the stock rating was upgraded by JP Morgan to “Overweight”. The firm has “Buy” rating by Nomura given on Monday, January 4. The rating was maintained by Citigroup on Wednesday, October 5 with “Buy”. The firm has “Sell” rating by UBS given on Thursday, August 6. The stock of Wendys Co (NASDAQ:WEN) has “Sector Perform” rating given on Tuesday, August 2 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, August 11 by Goldman Sachs.

WEN Company Profile

The Wendy’s Company, incorporated on May 6, 1994, is the parent firm of its subsidiary holding firm Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent firm of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment. Wendy’s is engaged in the business of operating, developing and franchising a system of quick-service restaurants serving food. The Firm operates approximately 6,080 Wendy’s restaurants in North America. Of these restaurants, over 630 are operated by Wendy’s and over 5,440 by approximately 390 franchisees. It also operates approximately 400 franchised Wendy’s restaurants in over 30 countries and territories other than North America.

More news for Wendys Co (NASDAQ:WEN) were recently published by: Investorplace.com, which released: “Wendys Co (WEN) Stock Up on Strong Q3 Earnings Results” on November 09, 2016. Prnewswire.com‘s article titled: “The Wendy’s Company Reports Second-Quarter 2016 Results” and published on August 10, 2016 is yet another important article.

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By Clifton Ray


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