Trump Media is the most expensive US stock to short — by far [CNBC]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: CNBC
Trump Media, which began being publicly traded last week, is now far and away the most expensive U.S. stock to sell short, according to S3 Partners , a leading financial data marketplace platform. But plenty of people are still willing to pay those steep costs, based on their belief that Trump Media's share price is bound to fall dramatically from its Wednesday closing of $48.81. Investors who wanted to borrow Trump Media shares to sell them short on Wednesday would have had to pay annual financing costs of between 750% and 900% of the price of the stock, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. That means a short seller of the DJT ticker who took a position Wednesday would have had to pay costs of between about $1 and $1.22 per day to the lenders. To break even on a new trade after one month, a short seller would have to see the share price of Trump Media drop by more than $30. That could be a tough position to be in, given the fact t
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News
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- Why Canopy Growth, Tilray, and Cronos Group Stocks Just Cratered [Yahoo! Finance]Yahoo! Finance
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CGC
Earnings
- 2/9/24 - Miss
CGC
Sec Filings
- 4/30/24 - Form 424B3
- 4/30/24 - Form 424B3
- 4/30/24 - Form 8-K
- CGC's page on the SEC website