Short positions in Trump Media & Technology Group have surged recently
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Foresight News reported, citing Reuters, that data from financial data firm S3 Partners shows that after Trump Media & Technology Group announced its merger with Google-backed TAE Technologies, short interest in its stock surged by 31%, approaching the highest level since October last year.
Data shows that Trump himself holds 115 million shares, accounting for about 40% of the company’s stock. After the merger, his shareholding ratio will be about 20% in the combined company.
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