Total short interest in restaurants shot up 6% sequentially in the first two weeks of May, with much of that driven by high franchised quick-service brands, including Burger King parent Restaurant Brands International and Wendy's, as investors grow wary of softening fast-food traffic and the emergence of "value wars" within the sector, Raymond James analyst Brian Vaccaro says in a research note.
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The Wendy's Company (Nasdaq: WEN) announced the appointment of Abigail Pringle to the newly-created role of President, U.S. and E.J. Wunsch to President, International effective June 17. Ms. Pringle has served as President, International and Chief Development Officer since 2019, and in numerous leadership roles across Development, Operations and Strategic Initiatives since joining the Company in 2002. Mr. Wunsch has served as Chief Legal Officer since joining the Company in 2016. He has been a s