Wendys Company (The) (WEN): Price Target and June Short Interest Disclosure

Wendys Company (The) (WEN) : Average target price received by Wendys Company (The) (WEN) is $11.28 with an expected standard deviation of $1.35. The most aggressive target on the stock is $13, whereas the most downbeat target is $9. 9 financial analysts are currently covering the stock.

Wendys Company (The) (WEN), A rise of 2,186,888 shares or 9.4% was seen in the short interest of Wendys Company (The). Even as the interest increased from 23,299,433 shares on June 15,2016 to 25,486,321 shares on June 30,2016, the days to cover came in at 6. The updated interest stood at 10.2% of the stocks floats. The stock has seen an average daily volume of 4,459,412 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Nomura downgrades its rating on Wendys Company (The) (NASDAQ:WEN). Analysts at the Nomura have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 22, 2016.

Wendys

Wendys Company (The) (NASDAQ:WEN): stock turned positive on Thursday. Though the stock opened at $9.82, the bulls momentum made the stock top out at $9.82 level for the day. The stock recorded a low of $9.73 and closed the trading day at $9.78, in the green by 0.41%. The total traded volume for the day was 1,873,589. The stock had closed at $9.74 in the previous days trading.

The Wendys Company is the parent company of its wholly owned subsidiary holding company Wendys Restaurants, LLC (Wendys Restaurants). Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States. Wendys is the quick-service restaurant company in the hamburger sandwich segment. Wendys is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States.

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