00:00Shares of Wendy's surged more than 30 percent at one point on Wednesday as retail investors
00:05piled into the fast food chain, triggering trading halts and drawing comparisons to the
00:11GameStop frenzy. The stock became one of the most discussed names on social media platforms,
00:16including Reddit and Stocktwits, despite no major corporate announcement. Analysts point to Wendy's
00:22unusually high short interest as a major factor, attracting traders looking to spark a short
00:28squeeze. Trading volume exploded to several times normal levels as speculative buying spread across
00:34the market.
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