Trump Media CEO urges House GOP leaders to address 'potential manipulation' of DJT stock [Yahoo! Finance]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance
"Since April 2, 2024, DJT has appeared every day on Nasdaq's 'Reg SHO threshold list,' which is indicative of unlawful trading activity," Nunes wrote in a letter sent to House GOP leaders on Monday. "This is particularly troubling given that 'naked' short selling often entails sophisticated market participants profiting at the expense of retail investors." Short interest in DJT stock — bets that the stock price will fall rather than rise — is about 13% of outstanding shares, according to the latest data from S3 Partners. The company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions. In order to "short" a stock, a trader must first borrow shares that are already owned before they can be sold. A "naked" short sale is an illegal practice of selling a short share that has not yet been borrowed. "Reports indicate that, as of April 3, 2024, DJT was the single most expensive stock to short
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DJT
News
- Parent company of Trump's Truth Social posts $328 mln loss [Yahoo! Finance]Yahoo! Finance
- Trump Media Reports $770,000 in Revenue for First Quarter and Large Losses [The New York Times]The New York Times
- Trump Media lost $327.6 million in the first quarter of the year on revenue of just $770,500 [MSNBC.com]MSNBC.com
- Trump media company lost more than $327m in first quarter [Yahoo! Finance]Yahoo! Finance
- Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K [Yahoo! Finance]Yahoo! Finance
DJT
Sec Filings
- 5/20/24 - Form 10-Q
- 5/20/24 - Form 8-K
- 5/15/24 - Form NT
- DJT's page on the SEC website