Trump Media Trying To Block Short Sellers

At present, just 5 million of the 136 million company shares are held by short-sellers, according to CNBC. But with another 21 million shares available soon, those are expected to be snapped up by a wave of short sellers. In panic mode now, Trump Media was propped up yesterday by an influx of buying from somewhere but that can't last. Source: CNBC Trump Media is making a point of telling its shareholders how to prevent their stock from being loaned to short sellers — who bet the price of the shares will drop. The short-selling-prevention tips posted Wednesday on Trump Media’s website come as its DJT stock has sharply fallen in price since it began being public trading on March 26 — and as short sellers have taken a keen interest in the owner of the Truth Social app despite relatively high fees to finance such trades. Trump Media’s share price rose sharply on Wednesday, by more than 15%, its closing price of $26.40 was still a whopping 63% lower than the price it opened at on March 26. And what do the geniuses at Trump Media propose?read more

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Trump Media Trying To Block Short Sellers

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