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Trump Media warns SEC of DJT stock manipulation
Finbold· 2025-04-17 14:58
Core Viewpoint - Trump Media & Technology Group has raised concerns about potential manipulation of its stock, DJT, suggesting that illegal naked short-selling may be occurring [1][4]. Group 1: Allegations of Manipulation - The memo sent to the SEC claims that U.K.-based hedge fund Qube Research & Technologies has engaged in naked short-selling, with a reported short position of nearly six million shares [4]. - Trump Media asserts that short interest in DJT stock is approximately 11 million shares, showing little change from 10.7 million shares reported on March 31 [4]. - The company has been on Nasdaq's REG SHO Threshold List for two consecutive months in 2024, indicating failures to deliver for more than 10,000 shares [5]. Group 2: Short Interest Data - As of March 31, 2025, short interest in DJT stock was 10,702,096 shares, with an average daily share volume of 4,177,920 and days to cover at 2.56 [6]. - Previous short interest data shows fluctuations, with a peak of 12,316,616 shares on January 31, 2025, and a decline to 11,530,389 shares by February 28, 2025 [6]. Group 3: Historical Context and Responses - This is not the first instance of Trump Media alleging manipulation; CEO Devin Nunes made similar claims in April 2024, but no formal actions were taken by the SEC or NASDAQ [8]. - The company has previously communicated concerns to Congress and NASDAQ regarding stock performance and manipulation allegations [8].
Trump Media Alerts SEC to Potential Manipulation of DJT stock
Newsfilter· 2025-04-17 12:51
Core Viewpoint - Trump Media and Technology Group Corp (TMTG) has raised concerns regarding suspicious trading activities of its stock DJT, particularly focusing on potential illegal naked short selling and market manipulation by the hedge fund Qube Research & Technologies [2][3][5]. Group 1: Suspicious Trading Activity - TMTG has reported suspicious trading activities related to Qube's disclosure of a nearly six-million share short position in DJT, which raises questions about the timing and methods of Qube's trading [2][5]. - DJT stock has been on Nasdaq's Regulation SHO Threshold Security List for over two months in 2024, indicating a history of suspicious trading [3]. - TMTG has urged the U.S. Securities and Exchange Commission (SEC) to investigate these activities and ensure transparency in American equities exchanges [4]. Group 2: Short Interest Data - As of March 31, 2025, the total short interest in DJT was reported at 10.7 million shares, with third-party sources indicating it remained virtually unchanged at approximately 11 million shares as of April 16, 2025 [5]. - Qube's short sales were disclosed in Germany, raising further questions about the legitimacy and timing of these trades, as no confirmation has been provided by Nasdaq or NYSE Texas regarding when these trades occurred [5]. Group 3: Company Overview - TMTG operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, aiming to provide a platform for free speech and family-friendly content [6].
Hedge fund reveals $105 million short against Trump Media, the owner of Truth Social
Business Insider· 2025-04-15 12:28
A hedge fund has revealed it's betting against President Donald Trump's media company. Qube Research & Technologies disclosed a net short position in Trump Media & Technology Group — representing 2.5% of the Truth Social owner's outstanding shares — in Germany's Federal Gazette on Monday. The wager is valued at about $105 million, based on TMTG's market value of about $4.2 billion.Breakout Point, the research firm that first spotted the filing, said in a note emailed to Business Insider that this was the f ...
Trump Media Launches Separately Managed Accounts
Globenewswire· 2025-04-15 12:00
New Partnership Debuts America-First Themed Investment Vehicles "At a time when the foundations of American prosperity are shifting, it's critical that our investment strategies reflect the values that define us," said Jon DuPrau, Managing Partner at ITG. "Made in America is more than just a theme- it's a declaration of support for businesses essential to our economy, national security, and enduring freedoms. These strategies empower investors to align their portfolios with patriotic and ethical convictions ...
Monster $105M short bet made against Trump stock
Finbold· 2025-04-15 10:39
The London-based global quantitative investment management company Qube Research & Technologies unveiled a massive $105 million short position against Trump Media (NASDAQ: DJT) in the German Federal Gazette.The filing revealed that the hedge fund established the short position – which accounts for a substantial 2.53% of DJT’s total float – on April 10, the day Trump Media stock hit its April high of $20.27.Qube Research’s short position against DJT. Source: BundesanzeigerThe position is interesting because, ...
TMTG Form S-3 Registration Statement Becomes Effective
Newsfilter· 2025-04-11 21:00
Core Viewpoint - Trump Media and Technology Group Corp. (TMTG) has announced that its registration statement on Form S-3 has become effective, allowing the company to maintain compliance with regulatory requirements after operating as a public company for one year [1][2]. Group 1: Company Overview - TMTG operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, aiming to provide a safe harbor for free expression and family-friendly content [3]. - The mission of TMTG is to counteract what it perceives as Big Tech's censorship and to restore free speech on the Internet [3]. Group 2: Regulatory Filing - The Form S-3 filing consolidates information from existing Form S-1 registration statements and is a routine procedure to ensure ongoing compliance with SEC regulations [2]. - The Form S-3 does not change the status of shares held by the Donald J. Trump Revocable Trust, which were previously registered in June 2024 [3].
特朗普,遭质疑!美股,盘前走低!
券商中国· 2025-04-10 09:06
Core Viewpoint - The article discusses the controversy surrounding President Trump's call to "buy" U.S. stocks, which some investors perceive as market manipulation [1][5][6]. Group 1: Market Reactions - Following Trump's announcement to suspend tariffs for 90 days, U.S. stock markets experienced a significant rebound, particularly the Nasdaq index, which surged nearly 12%, marking its largest single-day gain since 2008 [5]. - Prior to Trump's tweets, there was unusual trading activity in options, with a notable increase in bullish SPY options, some of which saw a 2100% rise [3][5]. Group 2: Political and Legal Implications - Senator Adam Schiff raised concerns about the volatility caused by Trump's fluctuating tariff policies, suggesting that it creates opportunities for insider trading and calling for an investigation [2][7]. - Richard Painter, former chief ethics lawyer for President George W. Bush, indicated that Trump's actions could lead to accusations of market manipulation, emphasizing the need for transparency regarding who knew about the tariff changes beforehand [7]. Group 3: Stock Performance - Trump's media and technology group, which owns Truth Social, saw its stock price increase by 21.67%, reaching a market capitalization of $4.5 billion [6]. - Tesla's stock also rebounded significantly, rising 22.69% to $272.2 per share, marking its highest single-day gain since 2013 [6].
DJT stock soars 8% as Trump urges traders ‘buy the dip'
Finbold· 2025-04-09 14:42
After repeating the common wisdom about ‘dips’ being excellent buying opportunities earlier in April, President Donald Trump took to social media on Wednesday to recommend his followers purchase Trump Media (NASDAQ: DJT) stock.President Trump recommends investing in DJT stock. Source: Truth SocialInvestors were quick to listen to the commander-in-chief as DJT shares rocketed 7.28% in the initial hour of the April 9 session. At press time, Trump Media stock is changing hands at $17.89.DJT stock one-day price ...
Trump Media TV Streaming Apps Now Available in Canada and Mexico
Newsfilter· 2025-04-09 12:00
SARASOTA, Fla., April 09, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("TMTG" or "the Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has launched its Truth+ TV streaming app and connected TV apps in Canada and Mexico. The Truth+ mobile app is now available throughout Canada and Mexico in the Apple App Store for iOS devices and the Google Play Store for Android devices. Truth+ connecte ...