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Short interest in Trump Media climbs after recent rally, S3 Partners says
Short interest in Trump Media shares rose 31% to nearly 16 million as traders bet against the stock after a merger sparked a 30% rally in late December.
- On Jan 2, S3 Partners reported short interest in Trump Media & Technology Group climbed 31% to nearly 16 million shares, reflecting increased bets the stock will decline.
- The Dec. 18 merger announcement of a $6 billion all-stock deal between Trump Media & Technology Group and Google-backed TAE Technologies sparked a share rally rising over 30%, spiking 63% in two days.
- With the stock at $13.77 on Friday, short positions amount to about $218 million, while shares have lost almost 60% over the past 12 months.
- President Donald Trump owns about 115 million shares, roughly 40% of the company, and his stake would fall to roughly 20% after the merger, highlighting tension between bulls and bears.
- The merger is pitched as a bet on AI data centers and broader ventures, while Benzinga Edge shows solid short-term momentum but negative medium and long-term outlook for Trump Media & Technology Group .
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Trump Media Short Interest Jumps 31% Post-Merger As Traders Bet DJT Rally Will Fade Despite AI Data Center Ambitions - Trump Media & Tech Gr (NASDAQ:DJT), Alphabet (NASDAQ:GOOG)
Short interest in Trump Media jumped 31% to nearly 16 million shares after its $6 billion merger announcement, signaling that traders are betting the DJT stock's sharp rally will fade despite its push into AI data centers.
·New York, United States
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Short interest in Trump Media climbs after recent rally, S3 Partners says
Short interest in U.S. President Donald Trump's social media company has jumped following a recent merger announcement, suggesting some traders expect the stock to give back more of its recent gains, according to financial data firm S3 Partners.
·United Kingdom
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Total News Sources9
Leaning Left0Leaning Right2Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
C 78%
R 22%
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