Wendys Company (NASDAQ:WEN) Shorted Shares Increased By 20.78%

The stock of Wendys Company (NASDAQ:WEN) registered an increase of 20.78% in short interest. WEN’s total short interest was 36.13 million shares in September as published by FINRA. Its up 20.78% from 29.92 million shares, reported previously. With 3.44M shares average volume, it will take short sellers 11 days to cover their WEN’s short positions. The short interest to Wendys Company’s float is 19.06%. The stock decreased 0.93% or $0.1 during the last trading session, hitting $10.71. Wendys Co (NASDAQ:WEN) has risen 13.94% since February 25, 2016 and is uptrending. It has outperformed by 2.68% 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 $2.80 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 19.77 P/E ratio. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment.

Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.18, from 1.1 in 2016Q1. The ratio improved, 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.

Managed Asset Portfolios Llc holds 6.77% of its portfolio in Wendys Co for 1.61 million shares. Trian Fund Management L.P. owns 40.79 million shares or 3.74% of their US portfolio. Moreover, Horizon Kinetics Llc has 3.13% invested in the company for 12.95 million shares. The New York-based Eminence Capital Lp has invested 1.13% in the stock. Olstein Capital Management L.P., a New York-based fund reported 801,290 shares.

Out of 8 analysts covering Wendy’s (NASDAQ:WEN), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Wendy’s has been the topic of 11 analyst reports since October 1, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the stock on August 11 with “Buy” rating.

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