BUZZ-Trump Media stock declines amid Qube's short position

Reuters
04-15
BUZZ-Trump Media stock declines amid Qube's short position

** Hedge fund Qube Research & Technologies disclosed a $105 mln short position in Trump Media & Technology Group DJT.O, with shares declining 0.8% on Mon

** Qube's short position represents 2.5% of Trump Media's free float, marking the first regulatory short disclosure in the co, per research firm Breakout Point, which reported the short position before Qube disclosed it in a filing

** Trump Media's stock, popular among retail investors, has fallen 45% YTD, compared to a 13% decline in Nasdaq .IXIC

** DJT is about 67% below its 52-week intraday high of $56.55 reached on May. 13, 2024

** Short interest in DJT is at ~4.9%, with the co's market value at $4.1 bln, per LSEG

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))

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