Short sellers have lost up to $420 million betting against Trump Media as shares surged nearly 200% in the weeks leading to Trump's electoral victory.
S3 Partners highlighted that on the day of Trump's win, short sellers faced $77 million in losses, with 14 million shares shorted at $5.50 each.
The volatile stock environment surrounding Trump Media, characterized by significant short interest and a loyal retail investor base, raises the risk of a potential short squeeze.
Trump Media has captured attention as a meme stock due to its high volatility and the collective commitment of retail investors towards its growth.
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