Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
Publishing timestamp: 2024-04-18 13:29:13
Summary
Trump Media provides tips to shareholders on how to prevent their stock from being loaned out for short selling as share price has plunged since going public. Former President Donald Trump is the biggest shareholder. The company's share price rose sharply but is still significantly lower than the opening price. Trump Media disclosed a $58 million loss for 2023 with minimal revenue. The company is giving instructions to shareholders on how to prevent their shares from being loaned for short selling, including moving shares to a cash account and opting out of securities lending programs. Short selling is risky as it can lead to exponential losses. Only about 5 million shares of DJT are available to short.
Sentiment: MIXED
Tickers: DJT,
Keywords: trump media & technology group corp, donald trump, business news, business, breaking news: politics, elections, markets, social media, politics, breaking news: markets,
Source: https://www.cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html