Donald Trump's media company is raising concerns about potentially illegal trading practices after a hedge fund, Qube Research, revealed a large short position against its stock. Trump Media has urged the SEC to look into the matter, linking the heightened short position to past suspicious trading incidents. While the SEC and Qube have yet to respond, shares of Trump Media increased slightly in reaction, despite a significant drop over the year. The company aims to diversify beyond its core Truth Social platform with new investment accounts.
Trump Media & Technology Group has called on regulators to investigate suspicious trading activities after Qube Research disclosed a significant short position in its stock.
Short-selling allows investors to bet against a public company but Trump Media alleges this is linked to illegal naked short selling.
Short interest in Trump Media has increased, raising concerns about potential illegal trading practices as shares experienced a more than a third drop this year.
Despite challenges, shares in Trump Media rose by approximately 7% following the filing, showcasing potential market volatility in response to trader actions.
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