Trump Media & Technology Group Corp — Donald Trump's social media company — is a flashing red light of a stock.
In other words: It seems like a perfect candidate for short sellers — investors who bet that a company's stock price is overvalued and will fall.
But not that much, for now: More than 3 million shares of Trump Media have been shorted, says short-tracker S3 Partners.
Related storiesS3's managing director, Ihor Dusaniwsky, offers one explanation: It's particularly hard to short Trump's company for technical reasons.
There is extraordinarily little stock borrow available in [Trump Media] to support new short sales and stock borrow rates are extremely high.
Persons:
Donald Trump's, Ihor, Trump's, I'd
Organizations:
Service, Trump Media & Technology Group Corp, Nasdaq, Business, Trump Media, SPACs, GameStop
Locations:
U.S