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Wendy’s rally puts Wall Street on short-squeeze watch

hedgeweek

5 days ago

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Wendy’s shares surged as retail traders piled into the stock, reviving concerns that heavy short interest could fuel another meme-stock style rally, according to a report by the WSJ.
The fast-food chain’s stock jumped sharply after a wave of online enthusiasm pushed investors to buy the shares, with the move drawing comparisons to past short squeezes involving heavily shorted companies. The stock climbed 26% on Wednesday before swinging sharply the following day.
The rally appeared to be driven...

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