Qube Research & Technologies has disclosed a $105 million net short position in Trump Media & Technology Group, representing 2.5% of the company's outstanding shares. This marks the first publicly registered short wager against TMTG, which has been beleaguered by declining stock values. Shares of TMTG recently fell to a six-month low following news that former President Trump might sell some of his holdings. The increased scrutiny from short sellers reflects a growing skepticism about the viability of the media company's operations, amid wider concerns for the stock's performance.
Qube Research & Technologies has revealed a net short position in Trump Media & Technology Group, marking a significant bet against the company valued at $105 million.
TMTG shares have seen a dramatic fall, registering a six-month low after Trump announced potential share sales, intensifying the scrutiny from short sellers.
Collection
[
|
...
]