Trump Media Surges Amid Short Seller Battle
In a striking turn of events, Trump Media & Technology Group stock (DJT) witnessed a surge of over 25% on Thursday, a move aimed at counteracting short sellers during a week of intense volatility. The interest in short positions for DJT stock — investments made with the expectation that the stock price will decline — has risen to approximately 13% of outstanding shares, an increase from the 11% noted during its initial public offering. This contrasts sharply with the average short interest in public companies, which typically ranges from 3% to 4%.
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