Wendy’s Co. (NYSE:WEN) short interest is climbing back above 43% of float, reviving squeeze speculation in the stock.
As of Aug. 11, 2026, 43.30% of Wendy’s float was sold short, per Benzinga Pro data. This follows 42.35% short as of the July 24 effective date on a 135.85 million-share float with 57.53 million shares short, after the dataset’s peak of 44.16% short on July 10.
Retail Traders Drive Wendy’s Momentum
- Retail traders have been actively engaging with Wendy’s stock, contributing to its recent momentum. On June 25, a viral post on WallStreetBets urged traders to rally around Wendy’s, sparking a surge in interest.
Jim Cramer Recommends Taking Profits
- In this high-short-interest environment, Jim Cramer advised investors to take profits in Wendy’s if they bought during the meme stock surge.
- On July 8, Cramer expressed his preference for earnings momentum over takeover momentum, suggesting investors capitalize on gains made during periods of heightened interest. Wendy’s recently appointed Steve Cirulis as CFO and chief strategy officer, succeeding Ken Cook.
Technical Analysis
Wendy’s experienced its largest one-day move in available history with a 25.66% increase on June 24. The stock is currently trading at $7.68, which is +3.99% above its 50-day simple moving average of $7.39, but -0.19% below its 200-day simple moving average of $7.70.
Photo: Shutterstock
Recent Comments