West Enclave Merger Corp. (NYSE:WENC – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 48,927 shares, an increase of 847.8% from the May 31st total of 5,162 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 34,742 shares, the days-to-cover ratio is currently 1.4 days.
West Enclave Merger Stock Up 0.1%
NYSE WENC opened at $9.94 on Friday. West Enclave Merger has a 12-month low of $9.86 and a 12-month high of $9.94.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded West Enclave Merger to a “hold” rating in a research note on Saturday, May 23rd.
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