NasdaqGS:WENHospitality
Wendy's (WEN) Stock Catches A Short Squeeze As Activists Turn Up The Pressure
Wendy's (NasdaqGS:WEN) has drawn fresh attention from activist investors as they press for changes at the company.
A recent short squeeze has pushed the stock sharply higher in the short term despite operational headwinds.
The company has reported a decline in U.S. same store sales, putting more focus on its near term performance and messaging.
Wendy's, trading at $7.55, sits at the center of a tug of war between bearish short sellers and activist shareholders pushing for change. The stock...