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● LIVE Updated 27d ago · 18 sources tracked

Wendy's Short Squeeze Continues. Stock Soars Another 14%.

Wendy's shares have surged after retail traders on Reddit targeted the company for a short squeeze. The rally follows the appointment of Steve Cirulis as Chief Financial Officer and Chief Strategy Officer. Trading was halted by the Nasdaq as the stock hit a seven-month high.

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What changed

Shares rose an additional 14% ahead of Thursday's open following a previous 31% spike.

Live updates

  1. Wendy's Stock Rallies as Retail Investors Trigger Short Squeeze

    Wendy's shares have surged after retail traders on Reddit targeted the company for a short squeeze. The rally follows the appointment of Steve Cirulis as Chief Financial Officer and Chief Strategy Officer. Trading was halted by the Nasdaq as the stock hit a seven-month high.

    What's confirmed:

    • The Wendy's Company named Steve Cirulis as Chief Financial Officer and Chief Strategy Officer.
    • Wendy's stock experienced a rally driven by retail investors on Reddit.
    • The Nasdaq halted trading of Wendy's stock.
    • As of June 15, 2026, Wendy's had a short interest of 51.67 million shares, or 32.72% of the public float.
    • Wendy's stock reached a high not seen in over seven months.

    Still unconfirmed:

    • Wendy's could be the next meme stock.
    • JPMorgan identified three other stocks that could face similar short squeezes.
    • A "Save Wendy's" meme army is targeting the short squeeze.
    confidence 95%