Trump Media is the most expensive U.S. stock to short — by far
Publishing timestamp: 2024-04-03 23:42:05
Summary
Trump Media is now the most expensive U.S. stock to sell short, with financing costs of 750% to 900% annually. Short sellers are betting on a dramatic price drop, but face high costs and difficulty in finding shares to borrow. Despite this, many investors are still interested in shorting the stock due to its high valuation and low revenue.
Sentiment: MIXED
Tickers: DJT,
Keywords: donald trump, politics, trump media & technology group corp, markets, breaking news: politics, business, business news, social media, breaking news: markets,
Source: https://www.cnbc.com/2024/04/03/trump-media-is-the-most-expensive-us-stock-to-short-by-far.html