After the company fought against short sellers, Trump Media's share price rose for the second day in a row

After the company fought against short sellers, Trump Media's share price rose for the second day in a row
03:18, April 19, 2024 Global Market Broadcast

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   Trump Media Technology Group( DJT )The share price rose 15% on Thursday as the company tried to resist the turbulence of the trading week short position

   According to Trump Media Updated FAQ page on the website (a copy released on Wednesday New securities filing documents The company is providing advice to investors to prevent its shares from being lent for short positions.

   According to the latest data, the short interest of DJT shares (betting that the share price will fall rather than rise) about 13% of the issued shares. This is up from about 11% when it first appeared in the open market. Average short equity of listed companies 3% - 4% range Inside.

   At the end of last month, Trump Media and Digital World Acquisition Corp., a special purpose acquisition company, conducted a merger transaction approved by shareholders, subsequently Listed on NASDAQ. Since the end of March, The share price has fallen by 55%.

   The company said in the document: "In order to prevent the stock from being lent short, please contact your shares Brokerage companies that restrict the lending of shares to short sellers. "

   Trump media provided a sample letter for investors to send to their brokers, and suggested "opt out of any securities lending plan". The company also recommends that investors deposit DJT shares in the cash account of the brokerage company instead of the margin account, and transfer the shares to the bank to deposit them in the retirement account.

   When share prices plummeted earlier this week, there were suggestions to prevent short selling. On Monday, the company apply More than 21 million shares were issued. One day later, it Announced A new live TV streaming media platform.

   Trump's commitment to the Truth Society 60% of shares At the current level of about $30 per share, the market value of Trump Media is about $4 billion, and the shares held by the former president are about $2.4 billion. After the company's first public appearance, Trump's shares were worth just over 4.5 billion dollars.

   The former president was kicked out of Facebook after the riots in the Capitol on January 6, 2021( META )And Twitter and other major social media applications. This platform is now called X, and later he founded Truth Social. Since then, Trump has regained its position on these platforms.

   According to the Latest regulatory documents Trump media reported that as of December 31 The annual net loss was close to 60 million dollars, and the sales volume was slightly higher than 40 zero Ten thousand dollars. The company warned that in the face of greater challenges to profitability, losses are expected to continue.

   The document also confirms that stakeholders are still subject to a six-month lock up period before selling or transferring shares. The only exception to the lock up period is the special exemption voted by the company's board of directors. Although possible Experts said last month that, Such an attempt could lead to multiple lawsuits by public shareholders.

   Before he and Biden hold the 2024 election, Trump faces US $454 million fraud fine and Inadequate campaign fundraising

Trump recently paid a deposit of 175 million dollars in the fraud case, which made him suspend the payment of the last sum of money during the appeal period.

This one In criminal trial And suspected of cheating on adult movie star Stomi Daniels Pay sealing fee of

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  • 04-25 Oulai New Material six hundred and eighty-eight thousand five hundred and thirty --
  • 04-01 Hongxin Technology three hundred and one thousand five hundred and thirty-nine ten point six four
  • 03-29 Canxin Shares six hundred and eighty-eight thousand six hundred and ninety-one nineteen point eight six
  • 03-27 Wuxi Dingbang eight hundred and seventy-two thousand nine hundred and thirty-one six point two
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