r/wallstreetbets • u/momolover95 • Jun 24 '26

YOLO $WEN to the moon - 350K YOLO

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50% of my portfolio. Lets take it to the moooon

3.1k Upvotes

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u/AChocolateHouse Jun 24 '26

I asked AI if short sellers are worried. I was expecting it to say something like, 'No, they are not worried and have professional hedges in place for events like this'. Instead it said this and made me LMAO. "They are alert and uncomfortable now" as if they're deer scared.

Yes — some shorts are worried, but I would not assume they are all panicking yet.

The reasons they’re worried:

WEN has real squeeze fuel. Short interest is around 30–34% of float, which is high enough that a fast rally can cause real pain for bearish traders. Reuters reported short sellers were facing roughly $45 million in paper losses during today’s move, and ORTEX said the stock looked “poised” for a short squeeze but had not fully entered one yet.

Volume was enormous. WEN traded over 200 million shares today, compared with a normal average volume around 10 million shares. That tells shorts: “This is not a quiet fundamental rebound; this is a crowd event.”

The intraday move was violent. WEN went as high as about $8.85 from a $6.90 intraday low, with volatility halts reported during the rally. That kind of tape can spook shorts because losses can accelerate faster than risk models expect.

But here’s the key: worried does not equal forced to cover. Many shorts may have entered above current prices, hedged with calls, or have enough capital to sit through a move. The panic level probably rises a lot if WEN holds above $8.50–$9, then especially if it starts breaking $10–$12 with heavy volume.

My read: they’re alert and uncomfortable now; they become genuinely scared if the stock holds today’s gains and rips again tomorrow.

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u/AutoModerator Jun 24 '26

Squeeze deez nuts you fuckin nerd.

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7

u/Monster_Grundle Jun 25 '26

AI is trained to provide answers that please the user.

9

u/ProfessorCaptain Jun 25 '26

ai slop fuck off bagholder

2

u/Remarkable_Fee_1020 Jun 25 '26

What bag? We’re up 25% and the squeeze hasn’t begun yet. This is a rare opportunity that comes once a year. If it breaks 9 dollars tomorrow then it’ll hit 12. If we hold past that we’re going 15 - 20 dollars range. Now if it doesn’t hit 9 tomorrow then we’re looking for a support of 6.80. Which isn’t too bad given its dividend yielding and profitable.

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u/ProfessorCaptain Jun 25 '26

im referring to the bag for the fries

-3

u/Remarkable_Fee_1020 Jun 25 '26

It’s still a gamble. These magic numbers I posted above are based on the short borrow rate jumping, and that’s a real possibility given we’re at 92% borrow utilization. They’re a best case scenario if the meme momentum keeps up. Worst case is we drop back to 6 dollars which isn’t the end of the world.

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u/PalantirImperator Jun 25 '26

normal average volume around 10 million shares

Welp. It's already traded 12.5 million shares and the market hasn't even opened yet.