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-0.00645481628599796 0 -0.00432472691161865 -0.0069513406156902 -0.00893743793445877 -0.0104270109235353 -0.0168818272095333 -0.0218470705064549
Stock impact report

Hedge fund reveals $105 million short against Trump Media, the owner of Truth Social [Yahoo! Finance]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: Yahoo! Finance
TMTG shares plunged this month after a filing signaled that President Donald Trump could cash out. A hedge fund has revealed it's betting against President Donald Trump's media company Qube Research & Technologies disclosed a net short position Monday in Trump Media & Technology Group — representing 2.5% of the Truth Social owner's outstanding shares — in Germany's Federal Gazette. The wager is valued at about $105 million, based on TMTG's market value of about $4.2 billion. Breakout Point, the research firm that first spotted the filing, said in a note emailed to Business Insider that this was the first short wager against TMTG to be disclosed to regulators and QRT's second-biggest short in percentage terms. Other short-sellers have targeted the stock in the past. This filing was likely made to comply with Germany's short-selling regulations, intended to increase market transparency. QRT's press team said in an emailed statement to BI that the firm operated a diversified, Show less Read more
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