WEN The Wendy's Company

XNAS 8.22 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

WEN $8.22 —
Key stats
$8.22
52-Week Range
$5.94 – $10.12
YTD
+0.67%
IV Rank (30D)
66.59
Straddle Price
$0.60
P/C Vol Ratio
0.55
Market Cap
$1.5B
Open
$7.84
Day Range
$7.77 – $8.28
Volume
6,142,478
Prev Close
$7.94
Fair Value
+50.0% vs price

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)4.95%
Beta vs SPY0.72
Cost of Equity (CAPM)8.57% (VRP-adj)
WACC5.84%
Volatility Risk Premium+25.4pp (IV − HV30)
Effective Tax Rate28.1%
Rev. Growth (YoY, DCF input)-3.6%
DCF Horizon10 years explicit + fade
Free Cash Flow (TTM)$0.3B
Return on Equity (TTM)104.6%
Book / Price7.6%
Gross Margin (TTM)58.3%
FCF Margin (TTM)12.0%
Debt / Equity29.25
Quality Score3/6 — normal (10y DCF)
Market-Implied Growth-6.0% (reverse-DCF on current price)
SMA 50$6.95 (Market Anchor value)
SMA 20 / Bollinger Mid$6.74
Bollinger Width / SMA20450.3% (drives anchor stability)
Net Debt$3.1B
Market Cap$2B
Peers used for multiples: AAOI, ASTS, BE, COHR, QBTS, RKLB, SNDK, WDC
Blended Fair Value
$28.15
Deviation
+50.0%
MethodImplied PriceWeightDetail
DCF $12.10 32%
DDM (Gordon) $4.43 26%
Peer P/E $24.22 15% median 31.1× · 4 peers
Peer EV/EBITDA $42.55 15% median 23.0× · 4 peers
Peer P/B $4.14 3% median 6.9× · 8 peers
Peer P/S $136.40 10% median 11.9× · 8 peers
Market Anchor (SMA50) $6.95 0% stability 0% (BB-width)
Options Expected (B-L 30d) $7.89 0% 5 strikes · skew +0.23
As of 2026-11-06 · updated
About
Industry (SIC)
RETAIL-EATING & DRINKING PLACES (5810) · industry map
Exchange
XNAS
Market Cap
$1.5B
Employees
14,900
List Date
1973-01-02
CIK
0000030697
Headquarters
Dublin, OH
Homepage
https://www.wendys.com

The Wendy's Co is engaged in operating, developing, and franchising a system of distinctive quick-service restaurants serving high-quality food. The company operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development. Wendy's U.S. and Wendy's International include the operation and franchising of restaurants and derive revenues from sales at company-operated restaurants, as well as royalties, franchise fees, and advertising fund collections from franchised restaurants. Global Real Estate & Development includes real estate activities for owned and leased sites tha…

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-4.58%-3.60%1.36%-1.40%-8.00%-4.65%-3.48%
Feb0.00%-1.77%-1.57%-6.12%3.13%-0.39%-1.12%
Mar-4.79%-3.26%-1.89%4.55%-2.01%-6.59%-2.33%
Apr8.82%-8.94%-0.81%7.53%-15.08%0.87%-1.27%
May1.84%-4.56%-0.77%-11.06%-8.73%14.93%-1.39%
Jun0.95%1.83%-3.89%-2.14%-1.38%5.61%0.16%
Jul0.09%8.63%-1.42%3.04%-17.09%-16.60%-3.89%
Aug-1.29%-9.61%-7.48%-0.24%6.53%10.23%-0.31%
Sep-6.31%-3.66%2.36%6.31%-10.81%-22.85%-5.83%
Oct0.00%9.66%-5.09%8.21%-9.73%15.36%3.07%
Nov-9.74%8.36%-1.26%-6.61%0.24%13.98%*0.83%
Dec17.03%-0.26%-0.31%-9.75%1.22%--1.59%
Total-0.62%-9.11%-19.24%-9.73%-48.73%1.30%-14.35%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $6.85
SMA 50: $6.96
SMA 200: $7.35
Current: $8.27
EMA 12: $7.29
EMA 26: $7.01
MACD: 0.2878 | Signal: 0.2075
BULLISH
ADX (14): 31.25
TREND
+DI: 42.81
−DI: 13.20

Momentum Oscillators

RSI (14): 75.42
OVERBOUGHT
Stoch %K: 98.52
Stoch %D: 96.73
Williams %R: 0.00

Volume & Volatility

BB Upper: $8.04
BB Lower: $5.66
OVERBOUGHT
OBV: -105,724,538
Vol SMA 20: 7,638,709
Vol ROC: 23.91%
ATR: $0.32
True Range: $0.50
HV 20: 64.0%
HV 30: 56.1%
HV 60: 58.9%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-07T00:00:00 – 2026-11-05T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall Assessment: NEUTRAL (6/10)

Key Drivers:

  • Bullish momentum from MACD crossover
  • Neutral RSI reading
  • Low volatility, indicating low risk

Primary Risks:

  • Recent negative news headlines may impact sentiment
  • Options market shows bearish sentiment

Investment Thesis: WEN appears to be in a consolidative phase, with bullish momentum building. The stock's low volatility and neutral RSI reading suggest a stable situation, but recent negative news headlines may impact sentiment.

Recent News Sentiment Impact: The recent news headlines have been mixed, with two positive articles and three neutral/negative articles. This mixed bag of news may not significantly impact the stock's price movement at this time.

Technical Analysis

Trend Direction: Short-term (1-4 weeks): Consolidative Medium-term (1-3 months): Uptrend (SMA 20 above price) Long-term (3-12 months): Uptrend (SMA 200 above price)

Support/Resistance Levels:

  • Upper Bollinger Band: $8.01
  • Middle Bollinger Band: $7.53
  • Lower Bollinger Band: $7.04

Momentum Signals: RSI interpretation: Neutral (46.24) MACD signal: Bullish crossover (0.02 / Signal: -0.00 / Histogram: 0.02)

Volume Analysis: Volume trends: Consolidative Institutional interest signals: Low (OBV: -83379437.09, Volume Rate of Change: 90.88%)

News & Sentiment Analysis

Recent Headlines Summary: Mixed bag of news headlines with two positive and three neutral/negative articles.

Sentiment Assessment: Neutral/Negative The recent news sentiment is slightly negative due to the mixed bag of news, but this may not significantly impact the stock's price movement at this time.

Catalyst Identification: No near-term catalysts are apparent from the data provided. The stock's low volatility and consolidative phase suggest a stable situation.

Market Narrative: The technical signals are generally bullish, with the MACD crossover indicating momentum building. However, recent negative news headlines may impact sentiment, highlighting the need for careful risk management.

Risk & Volatility Assessment

Beta Interpretation: Low (0.34) - stock moves less than market Volatility Regime: Low volatility - stock moves less than market Options Market Signals: IV Rank: 9.7% (Low) Current IV: 89.6% Expected Move: $0.88 (32 DTE), 7-DTE: $0.47

Downside Protection: Support levels to monitor: Lower Bollinger Band ($7.04) and SMA 20 ($7.53)

Market Context & Positioning

Sector Performance: Neutral - WEN's sector is performing similarly to the broader market Institutional Activity: Low institutional interest signals due to consolidative phase Correlation Analysis: WEN's correlation with the market is low (0.08) Relative Valuation: WEN is positioned within a trading range, with no clear upside or downside pressure

Key Levels & Action Items

Critical Price Levels:

  • Lower Bollinger Band ($7.04) - support
  • SMA 20 ($7.53) - resistance

Breakout/Breakdown Levels:

  • Upper Bollinger Band ($8.01) - potential breakout level
  • Middle Bollinger Band ($7.53) - potential breakdown level

Time-Sensitive Catalysts: No near-term catalysts are apparent from the data provided.

Risk Management: Stop-loss levels to consider: SMA 20 ($7.53) and Lower Bollinger Band ($7.04). Position sizing considerations: given the low volatility, a smaller position size may be appropriate.

Generated
News
All WEN news →
Showing 1–10 of 39
Page 1 of 4
Earnings History
22 of 25 under expected move
Avg Expected Move
6.23%
Avg Actual Move
3.21%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-03-03 Pre-Market 7.75% 5.54% 0.71x Within
2021-05-12 Pre-Market 5.53% 1.40% 0.25x Within
2021-08-11 Pre-Market 6.04% 3.72% 0.62x Within
2021-11-10 Pre-Market 7.60% 7.12% 0.94x Within
2022-03-01 Pre-Market 6.60% 0.13% 0.02x Within
2022-05-11 Pre-Market 7.73% 11.22% 1.45x Exceeded
2022-08-10 Pre-Market 6.02% 1.75% 0.29x Within
2022-11-09 Pre-Market 7.35% 3.04% 0.41x Within
2023-01-13 Pre-Market 2.62% 5.97% 2.28x Exceeded
2023-03-01 Pre-Market 5.78% 1.09% 0.19x Within
2023-05-10 Pre-Market 6.36% 1.04% 0.16x Within
2023-08-09 Pre-Market 4.65% 2.02% 0.43x Within
2023-11-02 Pre-Market 5.79% 1.53% 0.26x Within
2024-01-18 Pre-Market 1.57% 0.89% 0.57x Within
2024-05-02 Pre-Market 6.01% 1.53% 0.25x Within
2024-08-01 Pre-Market 7.24% 0.18% 0.02x Within
2024-10-31 Pre-Market 6.89% 5.91% 0.86x Within
2025-02-13 Pre-Market 5.98% 3.80% 0.64x Within
2025-05-02 Pre-Market 8.81% 0.48% 0.05x Within
2025-08-08 After-Close 4.96% 2.08% 0.42x Within
2025-11-07 Pre-Market 6.51% 1.59% 0.24x Within
2026-02-13 Pre-Market 8.94% 2.89% 0.32x Within
2026-05-08 After-Close 3.77% 7.40% 1.96x Exceeded
2026-08-07 Pre-Market 9.81% 4.06% 0.41x Within
2026-11-05 Pre-Market 5.56% 3.79% 0.68x Within

Earnings calendar: this week’s reports with expected vs actual moves →

WEN Options Activity & IV Rank

WEN IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 76.6%
7-DTE IV: 63.0%
Expected Move: $0.60
7-DTE Move: $0.38
Days to Exp: 28 (2026-12-04)

Options Flow

Call Volume: 77
Put Volume: 42
P/C Volume: 0.545
BULLISH
Call OI: 491
Put OI: 1,212
P/C OI: 2.468
Total OI: 1,703

ATM Options Pricing

ATM Call: $0.35
ATM Put: $0.25
Call %: 4.3%
Put %: 3.0%

Chain Summary

Chain Volume: 19,338
Chain OI: 360,410
Last Updated: 11/6/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 98th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
98%
vs own history
GEX tilt
+0.64
OI-weighted, today
Vanna tilt
-0.08
δ-sensitivity to IV
Charm tilt
-0.12
δ-decay vs time

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 44 ATM contracts, 107k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM 38.6% / Wing —
30 DTE / 10d —
— pts EXTREME
ATM 31.9% / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)28.5MediumNov 6
IV Rank (30 DTE)66.6MediumNov 6
Straddle Price (30 DTE)$0.60Nov 6
Beta Analysis

Risk Metrics

Beta: 0.2599
Alpha: 9.59%
Correlation: 0.0562
R-Squared: 0.3%
Stock Volatility: 62.7%
Market Volatility: 13.6%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own WEN
5 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Trian Fund Management Activist
Nelson Peltz
$252.6M
6.36%
#4 of 7+0.1%13F
Point72 Hedge fund
Steve Cohen
$15.9M
0.02%
#634 of 1945+13167.3%13F
Renaissance Technologies Hedge fund
Jim Simons
$1.5M
0.00%
#2108 of 3138-92.1%13F
Citadel Hedge fund
Ken Griffin
$97K
0.00%
#5813 of 6285-99.4%13F
Rockefeller Capital Management Family office
Rockefeller family
$61K
0.00%
#3257 of 4729+14.3%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

WEN Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 192,224,750 (as of 2026-03-29)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

419 filers392,448,880 shares$3.24B value204.16% of float
# Filer Shares Value % of Total % of Float Period
1 TRIAN FUND MANAGEMENT, L.P. 60,936,868 $505.17M 15.57% 31.70% 2026-06-30
2 BlackRock, Inc. Custodian 52,629,448 $436.30M 13.45% 27.38% 2026-06-30
3 Vanguard Group Inc Custodian 34,268,524 $285.46M 8.80% 17.83% 2025-12-31
4 Vanguard Portfolio Management LLC 20,603,464 $170.80M 5.26% 10.72% 2026-06-30
5 FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 16,011,254 $132.57M 4.09% 8.33% 2026-06-30
6 Charles Schwab Investment Management, Inc. 15,047,292 $124.74M 3.84% 7.83% 2026-06-30
7 Vanguard Capital Management LLC 13,848,620 $114.81M 3.54% 7.20% 2026-06-30
8 Wells Fargo & Company Custodian 13,368,068 $110.82M 3.42% 6.95% 2026-06-30
9 State Street Corp 13,133,970 $108.88M 3.36% 6.83% 2026-06-30
10 HARRIS ASSOCIATES L P 11,174,274 $92.63M 2.86% 5.81% 2026-06-30
11 Geode Capital Management, LLC Custodian 8,541,288 $70.82M 2.18% 4.44% 2026-06-30
12 Morgan Stanley Custodian 7,990,936 $66.24M 2.04% 4.16% 2026-06-30
13 Northern Trust Corp Custodian 7,036,584 $58.33M 1.80% 3.66% 2026-06-30
14 Dimensional Fund Advisors LP Custodian 6,998,596 $58.02M 1.79% 3.64% 2026-06-30
15 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 4,950,000 $41.04M 1.26% 2.58% 2026-06-30
16 UBS Group AG Custodian 4,785,030 $39.67M 1.22% 2.49% 2026-06-30
17 Bank of New York Mellon Corp Custodian 4,560,434 $37.81M 1.17% 2.37% 2026-06-30
18 Point72 Asset Management, L.P. 3,831,070 $31.76M 0.98% 1.99% 2026-06-30
19 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 3,823,920 $31.70M 0.98% 1.99% 2026-06-30
20 Goldman Sachs Group Inc Custodian 3,739,394 $31.00M 0.96% 1.95% 2026-06-30
21 Invesco Ltd. Custodian 3,405,460 $28.23M 0.87% 1.77% 2026-06-30
22 Connor, Clark & Lunn Investment Management Ltd. 3,334,248 $27.64M 0.85% 1.73% 2026-06-30
23 Jupiter Topco LLC 3,058,020 $25.35M 0.78% 1.59% 2026-06-30
24 PEAK6 LLC 2,940,768 $24.38M 0.75% 1.53% 2026-06-30
25 AQR Capital Management, LLC Custodian 2,971,454 $24.19M 0.75% 1.55% 2026-06-30
28 filers$215.80M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $70.93M 32.87% 2026-06-30
2 Jane Street Group, LLC Custodian $28.17M 13.05% 2026-06-30
3 Citadel Advisors LLC Custodian $23.30M 10.80% 2026-06-30
4 ELEMENT CAPITAL MANAGEMENT LLC $16.58M 7.68% 2026-06-30
5 PEAK6 LLC $11.63M 5.39% 2026-06-30
6 D. E. Shaw & Co., Inc. Custodian $9.95M 4.61% 2026-06-30
7 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $9.36M 4.34% 2026-06-30
8 Walleye Trading LLC $7.16M 3.32% 2026-06-30
9 Walleye Capital LLC $5.51M 2.55% 2026-06-30
10 Parallax Volatility Advisers, L.P. $4.73M 2.19% 2026-06-30
11 Caption Management, LLC $4.14M 1.92% 2026-06-30
12 Centiva Capital, LP $3.86M 1.79% 2026-06-30
13 ExodusPoint Capital Management, LP $3.30M 1.53% 2026-06-30
14 Soviero Asset Management, LP $2.98M 1.38% 2026-06-30
15 Hudson Bay Capital Management LP $2.49M 1.15% 2026-06-30
16 STATE OF WISCONSIN INVESTMENT BOARD $1.99M 0.92% 2026-06-30
17 CREDIT INDUSTRIEL ET COMMERCIAL $1.94M 0.90% 2026-06-30
18 CAPITAL FUND MANAGEMENT S.A. $1.71M 0.79% 2026-06-30
19 Anson Funds Management LP $1.66M 0.77% 2026-06-30
20 Wolverine Trading, LLC Custodian $1.26M 0.58% 2025-09-30
21 LPL Financial LLC Custodian $1.16M 0.54% 2026-06-30
22 Squarepoint Ops LLC $968.27K 0.45% 2026-06-30
23 Symmetry Investments LP $439.37K 0.20% 2026-06-30
24 PRELUDE CAPITAL MANAGEMENT, LLC $335.00K 0.16% 2026-06-30
25 Belvedere Trading LLC $220.51K 0.10% 2026-06-30
18 filers$371.26M notional
# Filer Notional Value % of Total Period
1 Jane Street Group, LLC Custodian $100.47M 27.06% 2026-06-30
2 COOPER CREEK PARTNERS MANAGEMENT LLC $72.42M 19.51% 2026-06-30
3 Citadel Advisors LLC Custodian $53.65M 14.45% 2026-06-30
4 Susquehanna International Group, LLP Custodian $48.88M 13.17% 2026-06-30
5 Caption Management, LLC $42.27M 11.39% 2026-06-30
6 IMC-Chicago, LLC Custodian $11.22M 3.02% 2026-06-30
7 Goldman Sachs Group Inc Custodian $7.74M 2.08% 2026-06-30
8 Walleye Trading LLC $6.67M 1.80% 2026-06-30
9 Balyasny Asset Management L.P. $6.63M 1.79% 2026-06-30
10 D. E. Shaw & Co., Inc. Custodian $4.63M 1.25% 2026-06-30
11 GROUP ONE TRADING LLC Custodian $3.80M 1.02% 2026-06-30
12 Crawford Fund Management, LLC $3.40M 0.92% 2026-06-30
13 Sculptor Capital LP $3.32M 0.89% 2026-06-30
14 Simplex Trading, LLC Custodian $2.07M 0.56% 2026-06-30
15 Wolverine Trading, LLC Custodian $1.65M 0.45% 2025-09-30
16 Centiva Capital, LP $1.10M 0.30% 2026-06-30
17 Walleye Capital LLC $935.11K 0.25% 2026-06-30
18 CAPITAL FUND MANAGEMENT S.A. $406.21K 0.11% 2026-06-30

WEN Insider Trading (Form 4)

Latest: 2026-10-01
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-10-01 Bradley G. Peltz Director Award (A) +3,318 $7.42 $24.6K EDGAR
2026-10-01 Peter W May Director Award (A) +4,009 $7.42 $29.7K EDGAR
2026-09-17 Steven Cirulis CFO & Chf Strategy Ofc Grant (A) +370 RSU — EDGAR
2026-09-17 Robert D. Wright President & CEO Grant (A) +1,131 RSU — EDGAR
2026-09-17 Tariq H. Hassan CMO & Customer Growth Officer Grant (A) +1,592 RSU — EDGAR
2026-09-17 John Min Chief Legal Ofcr & Secretary Grant (A) +898 RSU — EDGAR
2026-09-17 Matthew P Spessard Chief Information Officer Grant (A) +458 RSU — EDGAR
2026-09-17 E.J. Wunsch President, International Grant (A) +1,680 RSU — EDGAR
2026-09-17 Aaron M. Kale Chief Accounting Officer Grant (A) +128 RSU — EDGAR
2026-09-17 Wendy C. Arlin Director Grant (A) +442 RSU — EDGAR
2026-09-17 Liliana Esposito Chf Corp Affrs & Sustnblty Ofc Grant (A) +549 RSU — EDGAR
2026-08-26 Tariq Hassan CMO & Customer Growth Officer Grant (A) +819,348 RSU — EDGAR
2026-08-18 Lindsay J. Radkoski CMO, U.S. Mixed +1,961 $8.64 -$7.0K EDGAR
2026-08-14 Lindsay J. Radkoski CMO, U.S. Mixed +23,029 $8.66 -$74.1K EDGAR
2026-08-14 E.J. Wunsch President, International Mixed +49,777 $8.66 -$163.0K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

WEN Insider Holdings

24 insiders · @ $8.27
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Peter W May Director 20,514,751 $169.66M -$442.36M 134 2026-10-01
2 Matthew H. Peltz Director 264,529 $2.19M -$363.65M 74 2025-07-02
3 Robert D. Wright President & CEO 237,425 $1.96M -$13.36M 31 2026-09-17
4 Peter Rothschild Director 199,121 $1.65M $0 19 2026-05-22
5 Abigail E. Pringle President, U.S. 187,248 $1.55M -$6.48M 61 2025-06-18
6 Bradley G. Peltz Director 184,669 $1.53M $0 7 2026-10-01
7 E.J. Wunsch President, International 134,185 $1.11M $11.8K 52 2026-09-17
8 Liliana Esposito Chf Corp Affrs & Sustnblty Ofc 127,796 $1.06M -$5.84M 71 2026-09-17
9 Arthur B Winkleblack Director 118,819 $982.6K $0 12 2026-05-22
10 Matthew Coley O'Brien Chief People Officer 106,587 $881.5K -$1.46M 46 2026-03-18
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

WEN Board & Officers

As of SEC filings through Oct 1, 2026

Directors 10

Officers 12

10% owners 2

Changes in the last 10 years (66)
Aug 24, 2026Tariq H. Hassan became CMO & Customer Growth Officer
Jun 23, 2026Steven Cirulis became CFO & Chf Strategy Ofc
Jun 19, 2026The company announced the departure of Kenneth M. Cook as Interim CEO and CFO in an SEC filing
Jun 8, 2026Aaron M. Kale became Chief Accounting Officer
Jun 4, 2026The company announced the departure of Suzanne M. Thuerk as Chief Accounting Officer in an SEC filing
May 26, 2026Robert D. Wright listed as President & CEO (previously EVP, COO) in SEC filings
May 26, 2026Robert D. Wright first listed as a director in an SEC filing
Aug 14, 2025Kenneth M. Cook listed as Interim CEO and CFO (previously Chief Financial Officer) in SEC filings
Jul 22, 2025Peter J. Suerken JR became President, U.S.
Jul 8, 2025Bradley G. Peltz became a director
Jul 1, 2025The company announced the departure of Kirk Tanner from the board in an SEC filing
Jul 1, 2025The company announced the departure of Kirk Tanner as President & CEO in an SEC filing
Dec 2, 2024Kenneth M. Cook became Chief Financial Officer
Nov 13, 2024The company announced the departure of Gunther Plosch as Chief Financial Officer in an SEC filing
Sep 16, 2024John Min became Chief Legal Ofcr & Secretary
Sep 6, 2024The company announced the departure of Nelson Peltz from the board in an SEC filing
Sep 6, 2024The company announced the departure of Matthew H. Peltz from the board in an SEC filing
Aug 15, 2024Lindsay J. Radkoski became CMO, U.s.
Jun 20, 2024E.J. Wunsch listed as President, International (previously Chief Legal Ofcr & Secretary) in SEC filings
Jun 20, 2024Abigail E. Pringle listed as President, U.S. (previously Pres Intl & Chf Developmnt Ofc) in SEC filings
Not reported recently (33)
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

WEN Proposed Insider Sales (Form 144)

Latest: 2025-05-05
Last 30d: 0 filings  ·  Last 90d: 0 filings

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2025-05-05 Abigail Pringle Officer 136,819 $1.72M 2025-05-05 UBS Financial Services Inc — EDGAR
2025-03-04 KENNETH W GILBERT Director 3,500 $53.0K 2025-03-04 Morgan Stanley Smith Barney LLC … — EDGAR
2024-11-07 Michelle Mathews-Spradlin Director 24,462 $496.1K 2024-11-07 UBS Financial Services Inc — EDGAR
2024-08-08 TRIAN FUND MANAGEMENT, L.P. Director 1,000,000 $16.97M 2024-08-08 Morgan Stanley — EDGAR
2024-06-03 Kristin A. Dolan Director 21,000 $365.2K 2024-06-03 UBS Financial Services Inc — EDGAR
2024-03-01 KENNETH W GILBERT Director 4,500 $81.3K 2024-03-01 Morgan Stanley Smith Barney LLC … — EDGAR
2023-11-30 LEVATO JOSEPH A Director 20,000 $375.6K 2023-11-30 Merrill Lynch 10b5-1 EDGAR
2023-11-14 TRIAN FUND MANAGEMENT, L.P. Director 1,883,593 $35.13M 2023-11-14 Morgan Stanley — EDGAR
2023-08-22 TRIAN FUND MANAGEMENT, L.P. Director 2,905,569 $59.22M 2023-08-22 Morgan Stanley — EDGAR
2023-06-01 KENNETH W GILBERT Director 3,000 $66.1K 2023-06-01 Morgan Stanley Smith Barney LLC … — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Accession Link
2026-11-05 0001193125-26-448576 EDGAR
2026-11-05 0001193125-26-448548 EDGAR
2026-08-17 0001193125-26-354008 EDGAR
2026-08-07 0001193125-26-339132 EDGAR
2026-07-28 0001193125-26-321244 EDGAR
2026-06-23 0001193125-26-278576 EDGAR
2026-06-09 0001193125-26-263775 EDGAR
2026-05-22 0001193125-26-236835 EDGAR
2026-05-20 0001193125-26-231809 EDGAR
2026-05-08 0001193125-26-213270 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-02-23 0000030697-26-000009 EDGAR
2025-02-21 0000030697-25-000003 EDGAR
2024-02-26 0000030697-24-000004 EDGAR
2023-03-01 0000030697-23-000002 EDGAR
2022-03-01 0000030697-22-000003 EDGAR
2021-03-03 0000030697-21-000002 EDGAR
2020-02-26 0000030697-20-000002 EDGAR
2019-02-27 0000030697-19-000004 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-11-05 0000030697-26-000179 EDGAR
2026-08-07 0000030697-26-000116 EDGAR
2026-05-08 0000030697-26-000060 EDGAR
2025-11-07 0000030697-25-000039 EDGAR
2025-08-08 0000030697-25-000010 EDGAR
2025-05-02 0000030697-25-000006 EDGAR
2024-10-31 0000030697-24-000018 EDGAR
2024-08-01 0000030697-24-000012 EDGAR
2024-05-02 0000030697-24-000009 EDGAR
2023-11-02 0000030697-23-000013 EDGAR
ETF Holders
97 ETFs hold WEN
25 shown · $346.64M total exposure · 0.07% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 IJR iShares Core S&P Small-Cap ETF iShares (BlackRock) 0.07% $74.0M $103.7B 2026-11-04
2 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.04% $32.6M $75.4B 2026-11-04
3 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $31.0M — 2026-09-30
4 SCHD Schwab U.S. Dividend Equity ETF Nport 0.03% $29.0M — 2026-05-31
5 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.01% $23.3M — 2026-09-30
6 VBR Vanguard Morningstar Small-Cap Value ETF Vanguard 0.02% $15.1M — 2026-09-30
7 FNDA Schwab Fundamental U.S. Small Company ETF Nport 0.14% $13.1M — 2026-08-31
8 JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF Janus 1.10% $11.6M $990.2M 2026-11-04
9 VXF Vanguard Extended Market ETF Vanguard 0.01% $11.6M — 2026-09-30
10 SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF SPDR (State Street) 0.07% $11.1M $16.3B 2026-11-04
11 IWO iShares Russell 2000 Growth ETF iShares (BlackRock) 0.08% $11.0M $13.4B 2026-11-04
12 IJS iShares S&P Small-Cap 600 Value ETF iShares (BlackRock) 0.13% $10.1M $7.6B 2026-11-04
13 VRIG Invesco Variable Rate Investment Grade ETF Invesco 0.46% $9.2M — 2026-11-04
14 DFAS Dimensional US Small Cap ETF Dimensional 0.02% $8.7M — 2026-11-04
15 DES WisdomTree U.S. SmallCap Dividend Fund Nport 0.37% $8.2M — 2026-06-30
16 SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF SPDR (State Street) 0.13% $6.6M $5.1B 2026-11-04
17 VTWO Vanguard Russell 2000 ETF Vanguard 0.03% $6.0M — 2026-09-30
18 SCHA Schwab U.S. Small-Cap ETF Nport 0.03% $5.8M — 2026-05-31
19 PRFZ Invesco RAFI US 1500 Small-Mid ETF Nport 0.19% $5.2M — 2026-07-31
20 OUSM ALPS | OShares U.S. Small-Cap Quality Dividend ETF Nport 0.54% $4.6M — 2026-08-31
21 VYM Vanguard High Dividend Yield ETF Vanguard 0.00% $4.1M — 2026-09-30
22 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.00% $4.1M — 2026-11-04
23 VCR Vanguard Consumer Discretionary ETF Vanguard 0.06% $4.0M — 2026-09-30
24 VIOO Vanguard S&P Small-Cap 600 ETF Vanguard 0.06% $3.6M — 2026-09-30
25 JSML Janus Henderson Small Cap Growth Alpha ETF Janus 0.77% $2.9M $361.3M 2026-11-04
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
10.61
TTM Diluted EPS
$0.78
TTM Revenue
$2.19B
TTM Net Income
$148.56M
TTM Op. Cash Flow
$318.52M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q1 '262026-03-29$540.64M$22.71M$0.12$59.39M
Q4 '252025-12-28$542.97M$26.48M$0.14$69.28M
Q3 '252025-09-28$549.52M$44.25M$0.23$129.25M
Q2 '252025-06-29$560.93M$55.11M$0.29$60.59M
Q1 '252025-03-30$523.47M$39.23M$0.19$85.42M
Q4 '242024-12-29$574.27M$47.50M$0.24$68.63M
Q3 '242024-09-29$566.74M$50.22M$0.25$141.22M
Q2 '242024-06-30$570.73M$54.64M$0.27$45.48M
Q1 '242024-03-31$534.75M$41.99M$0.20$99.99M
Q4 '232023-12-31$540.65M$46.94M$0.23$75.89M
Q3 '232023-10-01$550.55M$58.05M$0.28$128.02M
Q2 '232023-07-02$561.57M$59.63M$0.28$88.53M
Q1 2026 • period ending 2026-03-29 • filed 2026-05-08
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
10.61
P/B
13.77
P/S
0.72
EV/EBITDA
9.55
EV/Sales
2.13
ROE
128.6%
ROA
3.0%
Div Yield
7.31%
FCF Yield
20.02%
Debt/Equity
29.25
Current Ratio
—
Market Cap
$1.59B
as of 2026-11-06
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
52.25M
SI % of Float
32.94%
Days to Cover
9.95
Short Vol Ratio
41.2%
Free Float
158.62M
Float %
83.2%
Short interest 2026-10-15 • Short volume 2026-11-05 • Float 2026-08-14