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  • Trump stock shorted heavily day before assassination attempt

    07/18/2024 7:17:37 PM PDT · by grundle · 68 replies
    Finbold ^ | July 17, 2024 | Elmaz Sabovic
    After an assassination attempt on former President Donald Trump, which sent shockwaves through the U.S. political landscape, Trump Media (NASDAQ: DJT) shares surged more than 60% in the early trading hour on Monday before retracing by 20% to the valuation of $36.89 at the latest close on July 16. However, a fact bound to raise a few questions is that short positions against Truth Social stock doubled between July 1 and July 12, going from 7 to 15 million shares, in what was a record of shares shorted for DJT stock since its trading debut. This surge indicates that individuals...